California drivers have begun receiving payments as part of a $50 million settlement concerning alleged price gouging by gas trading firms. Since late April, more than a million claimants have gotten $21.65, directly deposited or via checks and Venmo. The settlement stems from accusations that the firms manipulated gas prices following a refinery explosion in 2015, violating California's antitrust laws. The settlement, which was reached in July, did not involve any fault admission from the trading companies involved.
California drivers who submitted claims for a $50-million settlement over gas price gouging are starting to receive payments of $21.65 each.
The payments are part of a settlement with three gasoline trading firms, which allegedly manipulated prices nine years ago, violating antitrust laws.
#gas-price-gouging #california-settlement #consumer-compensation #antitrust-laws #gasoline-trading-firms
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