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

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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' 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.)

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