Can AI raise gas prices? California lawsuit targets pricing software

A federal lawsuit accuses California gas station operators of using AI pricing software to illegally collude and raise gas prices. The case centers on algorithmic pricing and whether AI tools encouraged price fixing by recommending fuel prices in real time. CGTN's Karina Mitchell spoke with Carl Larry, Manager of Enverus MarketView, about how AI software firm Kalibrate uses market data to recommend prices and the broader implications for consumers and the energy industry.

00:00 How AI pricing software sets gas prices 00:39 Can AI predict when drivers will pay more? 01:31 Is algorithmic pricing spreading beyond California? 02:16 Is AI really to blame for higher gas prices? 03:24 Could AI price fixing trigger more antitrust lawsuits? 03:59 Will the California gas price lawsuit succeed?

#bizshow #AIGasPrices #GasPrices #California #AlgorithmicPricing #ArtificialIntelligence #Inflation #Energy #Tech #FuelPrices

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