Not Logged In Log In   Sign Up   Points Leaders
Follow Us    12:36 PM

GasBuddy News Article

30
votes
Tesoro Buys BP refinery & 800 Arco stations

GasBuddy Blog -- As California motorists struggle with $4+ gasoline following the recent Chevron refinery fire in Richmond, CA, they'll learn that one company is moving to gain refinery capacity and retail marketing presence there. Tesoro announced today that it is buying the BP refinery in Carson, along with 800 dealer-operated gas stations in California, Arizona and Nevada for $2.5 billion.

For Tesoro and BP it's two companies moving in opposite directions. But what does it mean for consumers? Arco gas stations have earned a reputation for competitive gasoline prices and they have a certain brand loyalty among consumers who say they favor these gas station / convenience stores. Will that change?

It's too soon to tell. According to...


Read the Full Article

Submitted Aug 13, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Tesoro Buys BP refinery & 800 Arco stations Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:23,197
Points:2,265,440
Joined:Nov 2008
Message Posted: Aug 16, 2012 5:14:55 AM

and the fish in the tank get bigger and the number gets smaller.
Profile Pic
sparky808
Champion Author Honolulu

Posts:5,526
Points:1,231,130
Joined:Sep 2011
Message Posted: Aug 15, 2012 12:30:39 PM

old post
Profile Pic
dieselfiendSC
Champion Author South Carolina

Posts:4,270
Points:1,465,370
Joined:Nov 2008
Message Posted: Aug 14, 2012 4:17:13 PM

OK
Profile Pic
jtravis711
Veteran Author Orange County

Posts:276
Points:467,910
Joined:Feb 2011
Message Posted: Aug 14, 2012 4:00:29 PM

Great!
Profile Pic
Mr Tex
Champion Author Dallas

Posts:1,188
Points:2,645,830
Joined:Jan 2004
Message Posted: Aug 14, 2012 3:51:58 PM

What matters is the price of the stock jumped.
Profile Pic
Gramps001
Champion Author North Carolina

Posts:7,881
Points:1,803,120
Joined:Feb 2007
Message Posted: Aug 14, 2012 3:34:59 PM

Roger!
Profile Pic
Digger52
Champion Author Chicago

Posts:4,991
Points:1,493,645
Joined:Aug 2008
Message Posted: Aug 14, 2012 3:10:07 PM

OK
Profile Pic
ted4636
Champion Author Cleveland

Posts:6,264
Points:2,270,185
Joined:Jun 2007
Message Posted: Aug 14, 2012 2:59:37 PM

ok
Profile Pic
melvindale
Champion Author Michigan

Posts:1,438
Points:351,230
Joined:Jun 2011
Message Posted: Aug 14, 2012 2:56:45 PM

Of course it will change. A company sees another selling below price of everyone else. What the company buying thinks is, we jack up the price to everyone else's price and reap huge profits.
Profile Pic
gaskater
Champion Author California

Posts:7,883
Points:1,647,760
Joined:Jul 2008
Message Posted: Aug 14, 2012 2:38:21 PM

well see
Profile Pic
RabunDog
Champion Author Georgia

Posts:3,098
Points:1,744,695
Joined:May 2009
Message Posted: Aug 14, 2012 2:35:04 PM

ok
Profile Pic
HawaiianGuy
Champion Author Idaho

Posts:12,268
Points:3,724,115
Joined:May 2003
Message Posted: Aug 14, 2012 2:33:23 PM

Good luck to Tesoro. I hope they can turn around an ailing and neglected ARCO infrastructure.
Profile Pic
singlemom27
Champion Author Ventura

Posts:5,819
Points:1,282,625
Joined:Apr 2011
Message Posted: Aug 14, 2012 2:32:23 PM

Unrealistic expectations for Tesoro...
Profile Pic
frugalking
Champion Author Twin Cities

Posts:1,067
Points:218,445
Joined:Mar 2010
Message Posted: Aug 14, 2012 2:29:41 PM

Okay.
Profile Pic
VB_Richard
Champion Author Virginia Beach

Posts:4,410
Points:1,008,870
Joined:Dec 2011
Message Posted: Aug 14, 2012 2:18:19 PM

Sometimes new minds are good for an industry.
Profile Pic
2granny
Champion Author Michigan

Posts:12,375
Points:2,121,175
Joined:Apr 2009
Message Posted: Aug 14, 2012 2:15:55 PM

I agree, MedicKirk1.
Profile Pic
flatrock14
Champion Author Michigan

Posts:4,661
Points:1,388,005
Joined:Oct 2010
Message Posted: Aug 14, 2012 2:15:12 PM

hope he pays cash
Profile Pic
CORKYWC
Champion Author Chicago

Posts:1,075
Points:2,666,230
Joined:Apr 2004
Message Posted: Aug 14, 2012 2:14:36 PM

How about the midwest?
Profile Pic
nickatnite
Veteran Author Indianapolis

Posts:373
Points:757,925
Joined:May 2012
Message Posted: Aug 14, 2012 2:14:24 PM

The only change will be what company reaps the profits. No change to consumers.
Profile Pic
MedicKirk1
Champion Author New Hampshire

Posts:1,495
Points:1,125,800
Joined:May 2008
Message Posted: Aug 14, 2012 2:13:39 PM

The West Coast? What about the East coast?
Profile Pic
hibsaw
Champion Author Mississippi

Posts:10,835
Points:2,337,415
Joined:Feb 2008
Message Posted: Aug 14, 2012 2:11:57 PM

The West Coast needs a break in the high pump prices. Will it happen?
Profile Pic
CocoPaz
Champion Author Santa Barbara

Posts:6,865
Points:978,905
Joined:Jun 2012
Message Posted: Aug 14, 2012 2:11:01 PM

Hopefully the company, Tesoro, will become California's tesoro (Spanish for treasure).
Profile Pic
IrishCowboy
Champion Author Fort Wayne

Posts:1,441
Points:728,430
Joined:Jan 2011
Message Posted: Aug 14, 2012 2:08:42 PM

Less competition is almost never a good thing.
Profile Pic
GatorGuy
Champion Author Columbia

Posts:3,990
Points:1,798,285
Joined:Jan 2009
Message Posted: Aug 14, 2012 2:08:03 PM

Who?
Profile Pic
svspyda
Champion Author San Jose

Posts:2,495
Points:580,350
Joined:May 2012
Message Posted: Aug 14, 2012 2:06:08 PM

ok
Profile Pic
chuckhermann
Champion Author New York

Posts:1,783
Points:953,350
Joined:Jun 2011
Message Posted: Aug 14, 2012 2:02:39 PM

Why is BP willing to sell when prices are going up?
Profile Pic
houseofj
Rookie Author Cleveland

Posts:46
Points:1,280,695
Joined:Sep 2010
Message Posted: Aug 14, 2012 2:02:18 PM

With these type of sales and mergers the price of gas is going even higher! The rich get richer and the middle class gets poorer! Gas prices will be going up even higher!!!
Profile Pic
Bonito
Champion Author Dayton

Posts:18,558
Points:3,572,885
Joined:Jun 2004
Message Posted: Aug 14, 2012 2:00:29 PM

MUST BE MONEY IN BUY AND SELLING OIL --- AT OUR EXPENSE!
Profile Pic
hooter
Champion Author California

Posts:1,193
Points:3,233,390
Joined:Jan 2003
Message Posted: Aug 14, 2012 2:00:15 PM

Well there go the competitive gas prices at Arco stations. This does not bode well for consumers.
Profile Pic
DeeLA
Champion Author Los Angeles

Posts:7,485
Points:2,008,720
Joined:Nov 2008
Message Posted: Aug 14, 2012 1:59:29 PM

We'll just have to wait and see.,
Profile Pic
Red7002011
Champion Author Mississippi

Posts:6,088
Points:1,320,875
Joined:Jul 2011
Message Posted: Aug 14, 2012 1:57:18 PM

Really!
Profile Pic
suzyq2007
Champion Author Dallas

Posts:9,229
Points:2,129,040
Joined:Oct 2007
Message Posted: Aug 14, 2012 1:54:50 PM

is this a monopoly in the works
Profile Pic
JXQW
Champion Author Kansas City

Posts:2,787
Points:782,225
Joined:Jul 2008
Message Posted: Aug 14, 2012 1:50:01 PM

ok
Profile Pic
PackerfanMN
Champion Author Twin Cities

Posts:2,718
Points:688,930
Joined:Nov 2011
Message Posted: Aug 14, 2012 1:49:50 PM

OK
Profile Pic
cbuck80
Champion Author Massachusetts

Posts:2,690
Points:869,230
Joined:Jan 2012
Message Posted: Aug 14, 2012 1:47:45 PM

ok
Profile Pic
TXryder
Champion Author Texas

Posts:5,945
Points:1,074,805
Joined:Jan 2012
Message Posted: Aug 14, 2012 1:45:12 PM

As a corporation it most likely done out of greed for more money, meaning they have a plan to take more money off us retail with price gouging manipulation.
Profile Pic
gasper
Champion Author Edmonton

Posts:6,859
Points:1,944,590
Joined:Mar 2002
Message Posted: Aug 14, 2012 1:43:23 PM

Good news I think better than closing it down for good to keep gas prices higher.
Profile Pic
ezone
Champion Author Florida

Posts:3,938
Points:1,475,055
Joined:Oct 2008
Message Posted: Aug 14, 2012 1:42:05 PM

This is probably a good thing. Time will tell.
Profile Pic
NoStrings
Champion Author Ventura

Posts:1,387
Points:271,280
Joined:Aug 2011
Message Posted: Aug 14, 2012 1:39:33 PM

ok
Profile Pic
wt0826
Champion Author Ontario

Posts:5,571
Points:1,305,205
Joined:Jun 2009
Message Posted: Aug 14, 2012 1:39:20 PM

ok
Profile Pic
esorsd
Champion Author St. Louis

Posts:8,349
Points:2,285,615
Joined:May 2005
Message Posted: Aug 14, 2012 1:37:37 PM

ok
Profile Pic
miiike572
All-Star Author Phoenix

Posts:798
Points:554,990
Joined:Apr 2009
Message Posted: Aug 14, 2012 1:36:46 PM

this should be something to watch
Profile Pic
DougtheEconMan
Champion Author Akron

Posts:2,156
Points:374,710
Joined:Feb 2008
Message Posted: Aug 14, 2012 1:35:57 PM

Keep your tanks and gas-cans full! For the next 4 or 5 weeks, most of the country may be facing higher prices and shortages of gasoline. May get fugly. Be smart!
Profile Pic
soccerdadMO
Champion Author St. Louis

Posts:2,474
Points:666,350
Joined:Apr 2011
Message Posted: Aug 14, 2012 1:31:28 PM

Prices go up. But really a non story
Profile Pic
satrn38mpg
Champion Author Raleigh

Posts:7,716
Points:1,685,645
Joined:Sep 2009
Message Posted: Aug 14, 2012 1:31:24 PM

old news
Profile Pic
Tekkersmom57
Champion Author Syracuse

Posts:4,616
Points:1,347,855
Joined:May 2010
Message Posted: Aug 14, 2012 1:30:29 PM

There isn't enough interesting news that we have to repost yesterdays news?
Profile Pic
divebomber
Champion Author Nebraska

Posts:8,863
Points:2,466,295
Joined:Jun 2007
Message Posted: Aug 14, 2012 1:26:12 PM

OLD NEWS!
Profile Pic
Double_Golden
Champion Author San Francisco

Posts:4,085
Points:1,095,360
Joined:Aug 2011
Message Posted: Aug 14, 2012 1:23:17 PM

time will tell...
Profile Pic
tomok
Champion Author Portland

Posts:44,451
Points:3,001,085
Joined:Aug 2006
Message Posted: Aug 14, 2012 1:23:00 PM

Tesoro had a dirty, weed grown, in disrepair and overpriced gas station and eventually closed it – no business. ARCO bought it about 2 years later, improved the site tremendously and it looks much much better. Will there be a Tesoro gas station at that location again? It will be good to see BP go away but maybe BP knows something we don't! Keep the price of fuel at the pump low but that will Not happen.
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost.
The price of fuel at the pump is too high!
12/22/2012!
Profile Pic
boldrph
Champion Author Topeka

Posts:21,573
Points:4,102,395
Joined:Oct 2002
Message Posted: Aug 14, 2012 1:22:56 PM

we need abetter approach to energy
Post a reply Back to Topics