Gulf Oil Corp. v. Schlesinger

OPINION

JOSEPH S. LORD, III, Chief Judge.

In this action for declaratory and injunctive relief brought by Gulf Oil Corporation (“Gulf”) against the Federal Energy Administration (“FEA”) and two FEA officials, 1 Gulf is challenging the validity of FEA Ruling 1977-5, as well as that of a Decision and Order and Revised Remedial Order of the FEA, all issued pursuant to the FEA’s authority to regulate the price of petroleum.

Ruling 1977-5 2 is an interpretation of the term “transaction” as that term is used in the petroleum price regulations. Those regulations define “transaction” as a “binding…