Wednesday, May 13, 2015

Conway: Anti-competitive practices lead to higher gas prices

(AP) — Kentucky Attorney General Jack Conway has sued Marathon Petroleum Co., accusing the company of anti-competitive practices leading to higher gas prices in the state.

Conway said Tuesday that Marathon's monopoly of wholesale gas supplies has been allowed "to run rampant" in Kentucky.

The company says it disputes the allegations and will vigorously fight the suit in court.
Conway is the front-runner in the state's Democratic primary for governor next week. Conway says the federal lawsuit isn't politically timed, saying he has a duty to act when consumers are being treated unfairly at the pumps.

The suit continues an adversarial relationship between Conway and Marathon. Conway started investigating gas prices early in his first term in 2008.

The suit, among other things, seeks to end supply agreements that Conway says prevent competition.