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BP Reaches Settlement Over Bad Gas

BP has reached a settlement agreement in a class action lawsuit over almost 5 million gallons of tainted gas some in four Midwestern states.

Thousands of consumers were sold incorrectly formulated gas in August 2012 at more than 575 retail outlets in Indiana, Illinois, Wisconsin, and Ohio.

That gas processed at BP's Whiting refinery resulted in some vehicles experiencing hard starting, stalling and mechanical-component damage.

The oil giant has agreed to a $7 million settlement.

BP will "compensate consumers with legitimate claims" up to a total of $5 million under the settlement, which a federal judge must approve.

The company also says it won't oppose a request for attorney fees of up to $2 million.

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