Updated
Updated · The Guardian · Aug 30
Mansfield Oil Sues KRSM Over 1.1 Million Gallons, Alleging $4 Million Fuel Theft
Updated
Updated · The Guardian · Aug 30

Mansfield Oil Sues KRSM Over 1.1 Million Gallons, Alleging $4 Million Fuel Theft

3 articles · Updated · The Guardian · Aug 30

Summary

  • Mansfield says KRSM took 150 fuel loads from Pennsylvania’s Twin Oaks terminal between May 21 and July 7 and never paid the nearly $3.998 million due.
  • A data error delayed invoicing until early July, the suit says; after revised bills were sent, KRSM’s bank rejected Mansfield’s July 27 and 28 payment drafts.
  • KRSM president Syed Kazmi later told Mansfield he would pay, according to the complaint, but the supplier says no payment had arrived by Aug. 17; KRSM calls it an invoice mispricing dispute.
  • The lawsuit alleges the unpaid fuel helped support low pump prices at stations tied to the Freedom Fuel Network, which Trump praised in July for offering gasoline at $3.47 a gallon.
  • Freedom Fuel says KRSM and Kazmi are not associated with its network, and the White House says it had no dealings with them, as the national gas average has climbed to $4.08.

Insights

How did a fuel company secure one million gallons of gasoline without paying, leaving a four-million-dollar hole in the supply chain?
Will the recent federal injunction hearing finally force the opaque Freedom Fuel Network to reveal its true financial backers?
Could the unusually cheap gas prices enjoyed by consumers actually be the result of a massive corporate accounting cover-up?