More energy over charges
Like a sharpshooter knocking off jumping rabbits in a carnival midway, the Department of Energy during the past two years has charged U.S. oil companies one by one with overcharging customers for gasoline, heating oil and other products. Last week the DOE hit its biggest target to date. Standard Oil Co. of Indiana, one of the nation's largest gasoline retailers under the trade name of Amoco, signed a sweeping $690 million consent decree settling all alleged sale-price violations since 1973.
In the decision, Amoco agreed: to pay $71 million into a special federal escrow account that will probably be...
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