Three California residents are suing a fuel pricing company and several gas station operators, alleging that they use artificial intelligence-based pricing systems to raise gasoline prices in an uncompetitive manner.
“Californians are being forced to pay surcharges that cannot be explained by crude oil costs, refining costs, environmental regulation, or taxes,” said the June 22 class action lawsuit, filed at the U.S. District Court for the Eastern District of California, Sacramento Division.
“Part of the cause of California’s astronomical fuel prices is an illegal algorithmic price-fixing scheme orchestrated by the algorithmic pricing company Kalibrate and some of the state’s largest fuel retailers.”…