U.S. SUPREME COURT declined to block a lawsuit in which four western states claim seven major oil companies conspired to fix prices and create a gasoline shortage during the 1973-74 Arab oil embargo. In 1986, a federal judge dismissed the suit by Arizona, California, Oregon, and Washington, saying the states failed to prove a conspiracy. But an appeals court reinstated the suit and ordered a trial. Defendants are ARCO, Chevron Corp., Exxon Corp., Mobil Corp., Shell Oil Co., Texaco Inc., and

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