FRANKFORT, KY (WAVE) - A Franklin Circuit Court judge said it could be a couple of days before he rules on a lawsuit against Marathon Oil.
On May 13, Attorney General Jack Conway filed documents which accused Marathon Oil of gas price gouging. Conway believes the company raised prices shortly after Governor Steve Beshear declared a state of emergency on April 26 because of flooding.
A spokesperson for the Attorney General's office said Conway believes there is evidence, which proves Marathon raised prices based on speculation and not because of actual costs. He said the company unjustly raised prices. But in court on May 19, attorneys for Marathon Oil argued that was not the case.
Marathon Oil's attorneys called an expert to testify who said pump prices fluctuate all the time because of spot market prices and prices in nearby areas. Attorney Barry Hunter said the state did not prove there was a direct link between rising gas prices and flooding.
The state argued between April 25 and May 11, gas prices rose as high as 30 cents a gallon. Marathon's attorneys argued prices dropped after May 11 despite the fact the current state of emergency does not end until May 26.