Not Logged In Log In   Sign Up   Points Leaders
Follow Us    11:03 AM

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:22,943
Points:2,215,740
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:5,384
Points:1,181,325
Joined:Sep 2011
Message Posted: Aug 15, 2012 12:30:39 PM

old post
Profile Pic
dieselfiendSC
Champion Author South Carolina

Posts:4,155
Points:1,417,095
Joined:Nov 2008
Message Posted: Aug 14, 2012 4:17:13 PM

OK
Profile Pic
jtravis711
Veteran Author Orange County

Posts:276
Points:455,910
Joined:Feb 2011
Message Posted: Aug 14, 2012 4:00:29 PM

Great!
Profile Pic
Mr Tex
Champion Author Dallas

Posts:1,188
Points:2,645,355
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:7,802
Points:1,774,080
Joined:Feb 2007
Message Posted: Aug 14, 2012 3:34:59 PM

Roger!
Profile Pic
Digger52
Champion Author Chicago

Posts:4,859
Points:1,445,130
Joined:Aug 2008
Message Posted: Aug 14, 2012 3:10:07 PM

OK
Profile Pic
ted4636
Champion Author Cleveland

Posts:6,105
Points:2,223,935
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:7,746
Points:1,607,185
Joined:Jul 2008
Message Posted: Aug 14, 2012 2:38:21 PM

well see
Profile Pic
RabunDog
Champion Author Georgia

Posts:3,093
Points:1,706,345
Joined:May 2009
Message Posted: Aug 14, 2012 2:35:04 PM

ok
Profile Pic
HawaiianGuy
Champion Author Idaho

Posts:12,113
Points:3,673,735
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:5,667
Points:1,236,375
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:4,250
Points:958,170
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:12,210
Points:2,071,475
Joined:Apr 2009
Message Posted: Aug 14, 2012 2:15:55 PM

I agree, MedicKirk1.
Profile Pic
flatrock14
Champion Author Michigan

Posts:4,577
Points:1,348,375
Joined:Oct 2010
Message Posted: Aug 14, 2012 2:15:12 PM

hope he pays cash
Profile Pic
CORKYWC
Champion Author Chicago

Posts:1,042
Points:2,622,170
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:717,925
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:1,108,000
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:10,671
Points:2,287,715
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:6,555
Points:927,980
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:3,865
Points:1,750,760
Joined:Jan 2009
Message Posted: Aug 14, 2012 2:08:03 PM

Who?
Profile Pic
svspyda
Champion Author San Jose

Posts:2,330
Points:529,425
Joined:May 2012
Message Posted: Aug 14, 2012 2:06:08 PM

ok
Profile Pic
chuckhermann
Champion Author New York

Posts:1,713
Points:913,700
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:45
Points:1,236,425
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:18,385
Points:3,530,085
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:1,192
Points:3,189,545
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:7,321
Points:1,957,835
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:5,928
Points:1,271,175
Joined:Jul 2011
Message Posted: Aug 14, 2012 1:57:18 PM

Really!
Profile Pic
suzyq2007
Champion Author Dallas

Posts:9,114
Points:2,093,340
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:771,625
Joined:Jul 2008
Message Posted: Aug 14, 2012 1:50:01 PM

ok
Profile Pic
PackerfanMN
Champion Author Twin Cities

Posts:2,608
Points:653,480
Joined:Nov 2011
Message Posted: Aug 14, 2012 1:49:50 PM

OK
Profile Pic
cbuck80
Champion Author Massachusetts

Posts:2,690
Points:848,230
Joined:Jan 2012
Message Posted: Aug 14, 2012 1:47:45 PM

ok
Profile Pic
TXryder
Champion Author Texas

Posts:5,777
Points:1,025,105
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:6,766
Points:1,916,780
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:3,898
Points:1,444,505
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:5,410
Points:1,255,505
Joined:Jun 2009
Message Posted: Aug 14, 2012 1:39:20 PM

ok
Profile Pic
esorsd
Champion Author St. Louis

Posts:8,194
Points:2,236,015
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:2,094
Points:353,000
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:7,554
Points:1,634,805
Joined:Sep 2009
Message Posted: Aug 14, 2012 1:31:24 PM

old news
Profile Pic
Tekkersmom57
Champion Author Syracuse

Posts:4,456
Points:1,299,155
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:8,703
Points:2,416,595
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:1,064,360
Joined:Aug 2011
Message Posted: Aug 14, 2012 1:23:17 PM

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

Posts:43,804
Points:2,951,385
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:21,382
Points:4,053,470
Joined:Oct 2002
Message Posted: Aug 14, 2012 1:22:56 PM

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