Market Chatter: BP, Marathon, Walmart Sued for Alleged AI Gas Price Fixing

MT Newswires Live

Jun 23

BP (BP), Marathon Petroleum (MPC), and Walmart (WMT) were sued, among others, by California drivers for allegedly using artificial intelligence to inflate fuel prices, Reuters reported Tuesday, citing a proposed class action lawsuit.

The lawsuit claims the gas station operators violated state antitrust and algorithmic price-fixing laws by using a software tool from Kalibrate to coordinate the higher pricing, Reuters said.

Drivers alleged that fuel costs increased by up to $0.30 per gallon in regions where a high percentage of stations adopted the technology, according to the report.

BP, Marathon Petroleum, Walmart, and Kalibrate did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0289960550.SGD","symbol_name":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2645882719","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2645882719","pubTimestamp":1782208158,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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