California Spot Gas Antitrust



If you bought Gasoline (regular, mid-grade, or premium) in California at retail for your own use and not for resale between February 18, 2015, and May 31, 2017, and at the time of purchase lived outside California or were a business, you may be eligible to receive money from this class action Settlement.



Settlement Amount: $13,930,000


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Class Members:



Entities that bought gasoline (regular, mid-grade, or premium) in California at retail for your own use and not for resale between February 18, 2015, and May 31, 2017.


Not included in the Settlement:

  • You purchased only other types of fuel, including diesel, propane, or natural gas
  • You re-sold the Gasoline you purchased
  • You are an individual who resided in California when you purchased Gasoline in California


Damage Period:



  • February 18, 2015 to May 31, 2017


Claim Based on:



Dollar amount of gasoline purchased during the damage periodCom December 1, 2014 through June 1, 2015



Eligible Jurisdictions:



California only.


Southern California includes the counties of: Imperial, Kern, Los Angeles, Orange, Riverside, San Bernardino, San Diego, San Luis Obispo, Santa Barbara, and Ventura.


Northern California includes the counties of: Alameda, Alpine, Amador Butte, Calaveras, Colusa, Contra Costa, Del Norte, El Dorado, Fresno, Glenn, Humboldt, Inyo, Kings, Lake, Lassen, Madera, Marin, Mariposa, Mendocino, Merced, Modoc, Mono, Monterey, Napa, Nevada, Placer, Plumas, Sacramento, San Benito, San Francisco, San Joaquin, San Mateo, Santa Clara, Santa Cruz, Shasta, Sierra, Siskiyou, Solano, Sonoma, Stanislaus, Sutter, Tehama, Trinity, Tulare, Tuolumne, and Yolo



Background:



Defendants traded products on the "spot" market, and these products were used to make Gasoline which was ultimately sold at the pump. In May 2020, a class action lawsuit was filed against Defendants alleging that Defendants manipulated the price of the products traded on the "spot" market, and that this manipulation increased the price of Gasoline at the pump. The Settlement Agreement resolves the claims of the Settlement Class involving the allegations in the lawsuit.


Defendants deny that they did anything wrong.and on May 30, 2024, the parties agreed to settle, which means they have reached an agreement to resolve the lawsuit. Both sides want to avoid the risk and expense of further litigation. The Court has not decided this case in favor of either side.



Defendants:



• Vitol Inc. • SK Energy Americas, Inc.(“SKEA”) • SK Trading International Co. Ltd. (“SKTI”)



This is not an official Court Notice. Information contained in this Summary is subject to change.



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