Ky. Attorney General Issues Subpoena To Oil Company

LOUISVILLE, Ky. (AP) - Kentucky's attorney general has issued civil subpoenas to Marathon Oil Co., as he explores a possible lawsuit against the petroleum giant.

Also, several Kentucky officials have asked the Federal Trade Commission and the U.S. Department of Justice's Antitrust division to review the 1997 merger of Marathon and Ashland Oil to gauge its effect on gas prices in Louisville and the rest of Kentucky.

The moves Thursday night came after a summer gas price spike in Kentucky, which left drivers paying as much as 18 cents more per gallon in Louisville than in other parts of the state.

Marathon Oil has 45 days to respond to the subpoenas.

Attorney General Jack Conway said he'll decide whether to sue Marathon after studying the company's response.

"It is squarely on Marathon," Conway said. "If our consumers are being treated in an inappropriate way ... maybe there's something I can do."

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  • by David Location: Florence on Sep 11, 2008 at 05:27 AM
    The fact that gas prices here in NKY have been within $.05 of the national avg, but now there is a $.20 difference!? This isn't obvious? Another thing...republicans, dems, they all are getting paid by the oil lobbies! There is no divisions among party lines. Leaving the oil companies to "govern" themselves will result in more of the same. Why would they want to change if they are raking in record profits, $8B in one quarter?!?!?! There needs to be a plan, obviously. More drilling is not the answer! It may help lower the price by a few cents in the next few years, but how about cutting our dependence on oil, and going after the companies that are price gouging...and maybe cutting the tax cuts for the oil companies. Just maybe.
  • by James Location: Mt. Washington, Ky 40047 on Sep 10, 2008 at 05:45 AM
    I am appalled that the government broke up Ma Bell, went after Microsoft, and has the PSC to approve utility rate increases,yet lets big oil run rough shod over the consumer under the guise of a free market economy. If Walmart wants to sell gas cheaper to draw in business and isn't allowed to by the government, somethings wrong.(It happened) Some say speculaion has nothing to do with it, but just let a hint of something maybe happening, whether it actually happens or not, and up the price of gas goes again. If that's not price gouging and unjust speculation to line someone's pockets, what is it? Now that oil has come down, and the market price of gas is down, the only thing I can see as reason for Ky's gas prices is a monopoly by oil companies. I guess that's legal if enough of our politicians are connected to and benefiting in some way from big oil and it's lobyists in Washington. If it quacks like a duck and walks like a duck, it probably is.
  • by Grant Location: Frankfort on Aug 23, 2008 at 02:32 PM
    Jack Conway is an idiot
  • by Steve Location: Lexington on Aug 23, 2008 at 01:46 PM
    Ya know, I don't know how hard it is to be able to prove that price gouging is going on, but this attorney general's office doesn't know how to do it. I've got an idea...earlier this year when oil prices first crossed over the 115.00 per barrel mark, then gas was raised to ??? dollars per gallon. Now oil has fallen back to that mark, and guess what? Gas prices did NOT come back to that mark. Heck, it's dropped from 148 per barrel to 111 per barrel in the last month, yet I've only seen a 40 cent per gallon decrease in price at the pump. And here's the kicker, Wednesday prices dropped 6 dollars per barrel, yet the next day we were still paying 3.53 per gallon. On Thursday, they jumped 5 dollars per barrel, and on Fri morning Speedway led the charge to raise the price to 3.75...this is OBVIOUS price-gouging and price fixing and it's time to put an end to it by fining these companies millions or billions of dollars for it. Do they think we're all stupid? Or just the AG's office?
  • by steve on Aug 23, 2008 at 09:03 AM
    Oh yea what they need to do is subpoena you kook libs and then the oil companys ask why are you not letting us drill thats what should be asked morons.
  • by steve on Aug 23, 2008 at 09:01 AM
    Well here we go the libs way of telling someone how to run their company the best thing could happen is you stupid politicians could do is let the market take care of its own idiots.
  • by shannon foster Location: somerset,ky on Aug 23, 2008 at 07:49 AM
    i believer there is a similar problem in somerset with cumberlake shell and speedway stores. If the attorney general would monitor somerset gas prices, he would note that there is gouging in somerset and pulaski county also. I would like to see that gas prices are kept in check around my homes also. Its not fair to be taken advantage of by big companies. HELP HELP HELP!


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