Records Show How BP Hiked Oil Prices
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BP Amoco bumped up West Coast oil prices by exporting Alaskan crude to Asia for less than it could have sold it to U.S. refiners, according to experts’ reports and court records obtained by the Oregonian. Gas prices on the West Coast are among the highest in the nation, with Oregon motorists averaging $1.61 for regular unleaded--about 20 cents above the national average. The documents were part of a Federal Trade Commission analysis of BP’s proposed $26.8-million buyout last year of Atlantic Richfield Co.
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