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GasBuddy News Article

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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...


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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
honda0105
Champion Author Tallahassee

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Message Posted: Aug 16, 2012 5:14:55 AM

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

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Message Posted: Aug 15, 2012 12:30:39 PM

old post
dieselfiendSC
Champion Author South Carolina

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Message Posted: Aug 14, 2012 4:17:13 PM

OK
jtravis711
Veteran Author Orange County

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Message Posted: Aug 14, 2012 4:00:29 PM

Great!
Mr Tex
Champion Author Dallas

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Message Posted: Aug 14, 2012 3:51:58 PM

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

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Message Posted: Aug 14, 2012 3:34:59 PM

Roger!
Digger52
Champion Author Chicago

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Message Posted: Aug 14, 2012 3:10:07 PM

OK
ted4636
Champion Author Cleveland

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Message Posted: Aug 14, 2012 2:59:37 PM

ok
melvindale
Champion Author Michigan

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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.
gaskater
Champion Author California

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Message Posted: Aug 14, 2012 2:38:21 PM

well see
RabunDog
Champion Author Georgia

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Message Posted: Aug 14, 2012 2:35:04 PM

ok
HawaiianGuy
Champion Author Idaho

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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.
singlemom27
Champion Author Ventura

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Message Posted: Aug 14, 2012 2:32:23 PM

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

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Message Posted: Aug 14, 2012 2:29:41 PM

Okay.
VB_Richard
Champion Author Virginia Beach

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Message Posted: Aug 14, 2012 2:18:19 PM

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

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Message Posted: Aug 14, 2012 2:15:55 PM

I agree, MedicKirk1.
flatrock14
Champion Author Michigan

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Message Posted: Aug 14, 2012 2:15:12 PM

hope he pays cash
CORKYWC
Champion Author Chicago

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Message Posted: Aug 14, 2012 2:14:36 PM

How about the midwest?
nickatnite
Veteran Author Indianapolis

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Message Posted: Aug 14, 2012 2:14:24 PM

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

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Message Posted: Aug 14, 2012 2:13:39 PM

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

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Message Posted: Aug 14, 2012 2:11:57 PM

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

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Message Posted: Aug 14, 2012 2:11:01 PM

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

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Message Posted: Aug 14, 2012 2:08:42 PM

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

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Message Posted: Aug 14, 2012 2:08:03 PM

Who?
svspyda
Champion Author San Jose

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Message Posted: Aug 14, 2012 2:06:08 PM

ok
chuckhermann
Champion Author New York

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Message Posted: Aug 14, 2012 2:02:39 PM

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

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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!!!
Bonito
Champion Author Dayton

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Message Posted: Aug 14, 2012 2:00:29 PM

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

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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.
DeeLA
Champion Author Los Angeles

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Message Posted: Aug 14, 2012 1:59:29 PM

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

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Message Posted: Aug 14, 2012 1:57:18 PM

Really!
suzyq2007
Champion Author Dallas

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Message Posted: Aug 14, 2012 1:54:50 PM

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

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Message Posted: Aug 14, 2012 1:50:01 PM

ok
PackerfanMN
Champion Author Twin Cities

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Message Posted: Aug 14, 2012 1:49:50 PM

OK
cbuck80
Champion Author Massachusetts

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Message Posted: Aug 14, 2012 1:47:45 PM

ok
TXryder
Champion Author Texas

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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.
gasper
Champion Author Edmonton

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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.
ezone
Champion Author Florida

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Message Posted: Aug 14, 2012 1:42:05 PM

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

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Message Posted: Aug 14, 2012 1:39:33 PM

ok
wt0826
Champion Author Ontario

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Message Posted: Aug 14, 2012 1:39:20 PM

ok
esorsd
Champion Author St. Louis

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Message Posted: Aug 14, 2012 1:37:37 PM

ok
miiike572
All-Star Author Phoenix

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Message Posted: Aug 14, 2012 1:36:46 PM

this should be something to watch
DougtheEconMan
Champion Author Akron

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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!
soccerdadMO
Champion Author St. Louis

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Message Posted: Aug 14, 2012 1:31:28 PM

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

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Message Posted: Aug 14, 2012 1:31:24 PM

old news
Tekkersmom57
Champion Author Syracuse

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Message Posted: Aug 14, 2012 1:30:29 PM

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

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Message Posted: Aug 14, 2012 1:26:12 PM

OLD NEWS!
Double_Golden
Champion Author San Francisco

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Message Posted: Aug 14, 2012 1:23:17 PM

time will tell...
tomok
Champion Author Portland

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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!
boldrph
Champion Author Topeka

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Message Posted: Aug 14, 2012 1:22:56 PM

we need abetter approach to energy
julius1st4
Champion Author Ontario

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Message Posted: Aug 14, 2012 1:22:45 PM

OLD NEWS
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