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California Settles Lawsuit Against Oil Companies for $50 Million

Attorney General Bonta sued the three companies in 2020 alleging they manipulated the gasoline market to drive up prices after a refinery explosion.
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California Settles Lawsuit Against Oil Companies for $50 Million
Gasoline prices are displayed at the Union 76 station in Beverly Hills, Calif., on Aug. 28, 2023. Mario Tama/Getty Images
Jill McLaughlin
Updated:
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California reached a $50 million settlement with three oil market trading companies targeted by the state for allegedly running up gas prices in 2015.

The settlement, announced by Attorney General Rob Bonta, involved Vitol, Inc., SK Energy Americas, Inc., and its parent company SK Trading International (SK).

Jill McLaughlin
Jill McLaughlin
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Jill McLaughlin is an award-winning journalist covering politics, environment, and statewide issues. She has been a reporter and editor for newspapers in Oregon, Nevada, and New Mexico. Jill was born in Yosemite National Park and enjoys the majestic outdoors, traveling, golfing, and hiking.