Keller Rohrback Investigates Alleged Price-Fixing by Chevron, Exxon, BP, and Other Major Oil Refiners on the West Coast
14 Août 2015 - 6:00PM
Business Wire
Attorney Advertising. Keller Rohrback L.L.P. is investigating
alleged price-fixing by Chevron USA Inc., ExxonMobil Corp.
(NYSE:XOM), BP West Coast Products LLC, and other major oil refiners based on a recent
claims that the companies’ collusion to control the supply of
gasoline on the West Coast cost California gasoline buyers at least
$1.3 billion.
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Keller Rohrback L.L.P. is investigating
alleged price-fixing by major oil refiners (Photo: Business
Wire)
The possibility of collusion surfaced in 2012 when Senators from
Washington, Oregon, and California urged the Department of Justice
to investigate refineries after gas prices spiked to $4 and $5 a
gallon while the rest of the nation’s prices remained moderate.
California Senator Dianne Feinstein (D-Calif.) also sent a letter
to the Federal Trade Commission asking for an immediate
investigation to protect California’s consumers.
There have also been allegations of oil companies scheduling
unnecessary maintenance on sites in an attempt to disrupt supply.
In 2015, the CEO of Tesoro reportedly admitted refinery shutdowns
and “disruptions” led to big profits on the oil company’s bottom
line in the first quarter.
In 2012, McCullough Research found that sudden price shifts have
created a “windfall” for West Coast refineries. This year, the
group Consumer Watchdog released a report that found, among other
things, that gasoline consumption has dropped by 8 percent since
2005, but the price of gas in 2014 averaged 51% higher than in
2005.
The West Coast oil refiners include:
- Chevron USA Inc.
- ExxonMobil Corp. (NYSE:XOM)
- BP West Coast Products LLC
- Tesoro Refining & Marketing
Co.
- Shell Oil Products US
- Valero Energy Corp. (NYSE:VLO)
- ConocoPhillips (NYSE:COP)
- Alon USA Energy Inc. (NYSE:ALJ)
- Kern Oil & Refining Co.
If you are a California resident or business owner who directly
purchased gasoline from any of the above retailers and would like
to learn more about your rights, please contact attorneys Mark
Griffin, Ray Farrow, Matthew Preusch,
or Daniel Mensher at (800) 776-6044 or via email at
info@kellerrohrback.com.
Keller Rohrback, with offices in Seattle, Phoenix, New York, and
Santa Barbara, serves as lead and co-lead counsel in class actions
throughout the country. The firm’s Complex Litigation Group is
proud to offer its expertise to clients nationwide, and our trial
lawyers have obtained judgments and settlements on behalf of
clients in excess of seven billion dollars.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20150814005522/en/
Keller Rohrback L.L.P.Mark Griffin or Matthew Preusch or Daniel
Mensher,
Attorneys800-776-6044www.krcomplexlit.cominfo@kellerrohrback.com
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