Stumbo Attempts to Stop Price-Gouging

Kentucky files suit against Marathon Petroleum Company for alleged price-gouging.

Attorney General Greg Stumbo announced the groundbreaking legislation on May 10, 2007, in Frankfort, Ky. The lawsuit is the first to protect citizens by a major oil refiner.

The $89 million lawsuit was filed in Franklin Circuit Court after an 18-month probe by investigators from the Attorney General’s office.

The suit accuses the fuel supplier of violating state price-gouging laws in the aftermath of Hurricanes Katrina and Rita in 2005.

The attorney general claims Marathon overcharged Kentucky residents $86 million and Speedway and Super-America stores overcharged an additional $3 million.

Stumbo said the worst thing about the massive overcharging for gasoline is it took place during a grave national emergency.

Marathon is Kentucky’s largest wholesale supplier of gasoline.