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Search results for "rafinery" ...
The story covers the alleged manipulation of West Coast crude oil prices by BP, based on 4,000 pages of evidence released from the antitrust case concerning the merger between BP and Amoco. By practicing exports to Far East at a lower net prices, using a computer software to determine the maximum possible accepted price for the crude oil delivered to rafineries and charging differenciated prices for the same product, the scheme contributed to the reason why West Coast motorists pay about 20 cents more/gallon than the national average. Four follow up stories are also included.