Office of the Attorney General
Statement from Attorney General Conway on Marathon ruling

Press Release Date:  Wednesday, May 25, 2011  
Contact Information:  Allison Gardner Martin
Communications Director
502-696-5651 (office)
 


We are disappointed in today's ruling by the judge that denied our request for an injunction — an injunction that would have required Marathon Oil to keep its prices at or below what it charged before the declared state of emergency. Despite the judge's ruling, I am pleased that gas prices have gone down a little bit since we sought the injunction.

I pursued this case to protect the best interests of consumers across the Commonwealth, who are hurting right now. Today's ruling is limited to this particular injunction, and the judge was clear that it does not affect the ongoing and underlying price-gouging case against Marathon. I believe Marathon has engaged in price gouging, and we plan to aggressively pursue that case.

Additionally, I remain concerned that Marathon's dominance of the wholesale gasoline market in Kentucky allows a distortion of our gas prices. In certain areas of the Commonwealth, it actually has a 100 percent monopoly on wholesale supply. In the long term, we must address this problem, and I am turning over evidence we have developed to the U.S. Department of Justice's recently formed gas task force that is charged with investigating illegal activity in the oil and gas markets.

Jack Conway
Kentucky Attorney General