That's a fascinating claim, and it does not align with my anecdotal experience using the web for many years.
For fuel, Google results were 90% scams, for coffee machines closer to 75% The scams are fairly elaborate: they clone some legitimate looking sites, then offer prices that are very competitive -- between 50% and 75% of market prices -- that put them on top of SEO. It's only by looking in details at contact information that there are some things that look off (one common thing is that they may encourage bank transfers since there's no buyer protection there, but it's not always the case).
A 75% market rate is not crazy "too good to be true" thing, it's in the realm of what a legitimate business can do, and with the prices of the items being in the 1000s, that means any hooked victim is a good catch. A particular example was a website copying the one for a massive discount appliance store chain in the Netherlands. They had a close domain name, even though the website looked different, so any Google search linked it towards the legitimate business.
You really have to apply a high level of scrutiny, or understand that Google is basically a scam registry.
edit: ok, I bothered to look this up: Microsoft had a guy do a study on nigerian scams, the guys who wrote Freakonomics did a sequel referencing that study and drew absurb unfounded conclusions, which have been repeated over and over. Business as usual for the fig-leaf salesmen.