Litigation
Jul. 18, 2015
Economics expert says Arco wholesale rates unjustified, as BP trial continues
Four gas station owners say BP forces them to buy Arco gasoline, which BP also owns, at name-brand prices, leaving them at a competitive disadvantage.
Daily Journal Staff Writer
LOS ANGELES - Arco has "created a niche as a low-price leader" in the gas market,
a petroleum economics expert testified Thursday, bolstering claims by franchise owners
who say the company's parent, BP, charges them too much for the gasoline.
James Langenfeld, head of the antitrust and competition practice at the co...
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