Understanding the California v. Vitol Case and Its Impact on Consumers In a landmark settlement, the State of California has secured a $50 million agreement with Vitol Inc. and SK Energy Americas Inc., holding them accountable for alleged market manipulation following a 2015 refinery explosion in Torrance. Here’s what you need to know about this critical case and what it means for California consumers. The Case at a Glance The case, State of California v. Vitol Inc. et al., centers on allegations of market manipulation in the wake of the Torrance refinery explosion. According to the lawsuit, the defendants exploited the disruption in gasoline production to artificially inflate prices, affecting…