GasBuddy Blog

GasBuddy News Article

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

Back To News

Category: GasBuddy Official Blog > Topics	Add to favorite topics Post New Topic

Author	Topic: Tesoro Buys BP refinery & 800 Arco stations	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

First

Next Last

honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Aug 16, 2012 6:14:55 AM Ignore honda0105 Report Abuse and the fish in the tank get bigger and the number gets smaller.
sparky808 Champion Author Honolulu Posts:3,144 Points:625,660 Joined:Sep 2011	Message Posted: Aug 15, 2012 1:30:39 PM Ignore sparky808 Report Abuse old post
dieselfiendSC Champion Author South Carolina Posts:2,261 Points:871,355 Joined:Nov 2008	Message Posted: Aug 14, 2012 5:17:13 PM Ignore dieselfiendSC Report Abuse OK
jtravis711 Sophomore Author Orange County Posts:174 Points:214,315 Joined:Feb 2011	Message Posted: Aug 14, 2012 5:00:29 PM Ignore jtravis711 Report Abuse Great!
Mr Tex All-Star Author Dallas Posts:897 Points:2,502,635 Joined:Jan 2004	Message Posted: Aug 14, 2012 4:51:58 PM Ignore Mr Tex Report Abuse What matters is the price of the stock jumped.
Gramps001 Champion Author North Carolina Posts:5,990 Points:1,386,060 Joined:Feb 2007	Message Posted: Aug 14, 2012 4:34:59 PM Ignore Gramps001 Report Abuse Roger!
Digger52 Champion Author Chicago Posts:2,541 Points:875,640 Joined:Aug 2008	Message Posted: Aug 14, 2012 4:10:07 PM Ignore Digger52 Report Abuse OK
ted4636 Champion Author Cleveland Posts:3,629 Points:1,665,360 Joined:Jun 2007	Message Posted: Aug 14, 2012 3:59:37 PM Ignore ted4636 Report Abuse ok
melvindale Champion Author Michigan Posts:1,438 Points:351,230 Joined:Jun 2011	Message Posted: Aug 14, 2012 3:56:45 PM Ignore melvindale Report Abuse 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 Posts:5,396 Points:1,071,470 Joined:Jul 2008	Message Posted: Aug 14, 2012 3:38:21 PM Ignore gaskater Report Abuse well see
RabunDog Champion Author Georgia Posts:2,995 Points:1,241,085 Joined:May 2009	Message Posted: Aug 14, 2012 3:35:04 PM Ignore RabunDog Report Abuse ok
HawaiianGuy Champion Author Idaho Posts:9,665 Points:3,106,590 Joined:May 2003	Message Posted: Aug 14, 2012 3:33:23 PM Ignore HawaiianGuy Report Abuse Good luck to Tesoro. I hope they can turn around an ailing and neglected ARCO infrastructure.
singlemom27 Champion Author Ventura Posts:3,253 Points:667,885 Joined:Apr 2011	Message Posted: Aug 14, 2012 3:32:23 PM Ignore singlemom27 Report Abuse Unrealistic expectations for Tesoro...
frugalking Champion Author Twin Cities Posts:1,067 Points:218,445 Joined:Mar 2010	Message Posted: Aug 14, 2012 3:29:41 PM Ignore frugalking Report Abuse Okay.
VB_Richard Champion Author Virginia Beach Posts:1,798 Points:379,520 Joined:Dec 2011	Message Posted: Aug 14, 2012 3:18:19 PM Ignore VB_Richard Report Abuse Sometimes new minds are good for an industry.
2granny Champion Author Michigan Posts:9,715 Points:1,493,955 Joined:Apr 2009	Message Posted: Aug 14, 2012 3:15:55 PM Ignore 2granny Report Abuse I agree, MedicKirk1.
flatrock14 Champion Author Michigan Posts:2,785 Points:803,505 Joined:Oct 2010	Message Posted: Aug 14, 2012 3:15:12 PM Ignore flatrock14 Report Abuse hope he pays cash
CORKYWC All-Star Author Chicago Posts:575 Points:2,138,850 Joined:Apr 2004	Message Posted: Aug 14, 2012 3:14:36 PM Ignore CORKYWC Report Abuse How about the midwest?
nickatnite Veteran Author Indianapolis Posts:370 Points:297,465 Joined:May 2012	Message Posted: Aug 14, 2012 3:14:24 PM Ignore nickatnite Report Abuse The only change will be what company reaps the profits. No change to consumers.
MedicKirk1 Champion Author New Hampshire Posts:1,356 Points:821,270 Joined:May 2008	Message Posted: Aug 14, 2012 3:13:39 PM Ignore MedicKirk1 Report Abuse The West Coast? What about the East coast?
hibsaw Champion Author Mississippi Posts:8,183 Points:1,709,665 Joined:Feb 2008	Message Posted: Aug 14, 2012 3:11:57 PM Ignore hibsaw Report Abuse The West Coast needs a break in the high pump prices. Will it happen?
CocoPaz Champion Author Santa Barbara Posts:2,517 Points:350,870 Joined:Jun 2012	Message Posted: Aug 14, 2012 3:11:01 PM Ignore CocoPaz Report Abuse Hopefully the company, Tesoro, will become California's tesoro (Spanish for treasure).
IrishCowboy Champion Author Fort Wayne Posts:1,437 Points:594,175 Joined:Jan 2011	Message Posted: Aug 14, 2012 3:08:42 PM Ignore IrishCowboy Report Abuse Less competition is almost never a good thing.
GatorGuy Champion Author Columbia Posts:2,284 Points:1,226,490 Joined:Jan 2009	Message Posted: Aug 14, 2012 3:08:03 PM Ignore GatorGuy Report Abuse Who?
svspyda Champion Author San Jose Posts:1,748 Points:354,985 Joined:May 2012	Message Posted: Aug 14, 2012 3:06:08 PM Ignore svspyda Report Abuse ok
chuckhermann Champion Author New York Posts:1,027 Points:520,975 Joined:Jun 2011	Message Posted: Aug 14, 2012 3:02:39 PM Ignore chuckhermann Report Abuse Why is BP willing to sell when prices are going up?
houseofj Rookie Author Cleveland Posts:34 Points:745,255 Joined:Sep 2010	Message Posted: Aug 14, 2012 3:02:18 PM Ignore houseofj Report Abuse 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 Posts:15,916 Points:3,035,595 Joined:Jun 2004	Message Posted: Aug 14, 2012 3:00:29 PM Ignore Bonito Report Abuse MUST BE MONEY IN BUY AND SELLING OIL --- AT OUR EXPENSE!
hooter Champion Author California Posts:1,031 Points:2,660,875 Joined:Jan 2003	Message Posted: Aug 14, 2012 3:00:15 PM Ignore hooter Report Abuse Well there go the competitive gas prices at Arco stations. This does not bode well for consumers.
DeeLA Champion Author Los Angeles Posts:4,959 Points:1,392,930 Joined:Nov 2008	Message Posted: Aug 14, 2012 2:59:29 PM Ignore DeeLA Report Abuse We'll just have to wait and see.,
Red7002011 Champion Author Mississippi Posts:3,471 Points:696,400 Joined:Jul 2011	Message Posted: Aug 14, 2012 2:57:18 PM Ignore Red7002011 Report Abuse Really!
suzyq2007 Champion Author Dallas Posts:7,296 Points:1,675,700 Joined:Oct 2007	Message Posted: Aug 14, 2012 2:54:50 PM Ignore suzyq2007 Report Abuse is this a monopoly in the works
JXQW Champion Author Kansas City Posts:2,787 Points:692,825 Joined:Jul 2008	Message Posted: Aug 14, 2012 2:50:01 PM Ignore JXQW Report Abuse ok
PackerfanMN Champion Author Twin Cities Posts:1,051 Points:292,050 Joined:Nov 2011	Message Posted: Aug 14, 2012 2:49:50 PM Ignore PackerfanMN Report Abuse OK
cbuck80 Champion Author Massachusetts Posts:1,609 Points:421,570 Joined:Jan 2012	Message Posted: Aug 14, 2012 2:47:45 PM Ignore cbuck80 Report Abuse ok
TXryder Champion Author Texas Posts:2,854 Points:460,510 Joined:Jan 2012	Message Posted: Aug 14, 2012 2:45:12 PM Ignore TXryder Report Abuse 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 Posts:4,580 Points:1,392,835 Joined:Mar 2002	Message Posted: Aug 14, 2012 2:43:23 PM Ignore gasper Report Abuse Good news I think better than closing it down for good to keep gas prices higher.
ezone Champion Author Florida Posts:2,455 Points:965,565 Joined:Oct 2008	Message Posted: Aug 14, 2012 2:42:05 PM Ignore ezone Report Abuse This is probably a good thing. Time will tell.
NoStrings Champion Author Ventura Posts:1,387 Points:271,280 Joined:Aug 2011	Message Posted: Aug 14, 2012 2:39:33 PM Ignore NoStrings Report Abuse ok
wt0826 Champion Author Ontario Posts:3,867 Points:863,850 Joined:Jun 2009	Message Posted: Aug 14, 2012 2:39:20 PM Ignore wt0826 Report Abuse ok
esorsd Champion Author St. Louis Posts:5,878 Points:1,666,315 Joined:May 2005	Message Posted: Aug 14, 2012 2:37:37 PM Ignore esorsd Report Abuse ok
miiike572 All-Star Author Phoenix Posts:798 Points:545,440 Joined:Apr 2009	Message Posted: Aug 14, 2012 2:36:46 PM Ignore miiike572 Report Abuse this should be something to watch
DougtheEconMan Champion Author Akron Posts:1,913 Points:272,740 Joined:Feb 2008	Message Posted: Aug 14, 2012 2:35:57 PM Ignore DougtheEconMan Report Abuse 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 Posts:2,467 Points:653,210 Joined:Apr 2011	Message Posted: Aug 14, 2012 2:31:28 PM Ignore soccerdadMO Report Abuse Prices go up. But really a non story
satrn38mpg Champion Author Raleigh Posts:5,202 Points:1,079,665 Joined:Sep 2009	Message Posted: Aug 14, 2012 2:31:24 PM Ignore satrn38mpg Report Abuse old news
Tekkersmom57 Champion Author Syracuse Posts:2,019 Points:728,890 Joined:May 2010	Message Posted: Aug 14, 2012 2:30:29 PM Ignore Tekkersmom57 Report Abuse There isn't enough interesting news that we have to repost yesterdays news?
divebomber Champion Author Nebraska Posts:6,218 Points:1,839,975 Joined:Jun 2007	Message Posted: Aug 14, 2012 2:26:12 PM Ignore divebomber Report Abuse OLD NEWS!
Double_Golden Champion Author San Francisco Posts:2,700 Points:633,085 Joined:Aug 2011	Message Posted: Aug 14, 2012 2:23:17 PM Ignore Double_Golden Report Abuse time will tell...
tomok Champion Author Portland Posts:33,595 Points:2,373,210 Joined:Aug 2006	Message Posted: Aug 14, 2012 2:23:00 PM Ignore tomok Report Abuse 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 Posts:18,533 Points:3,478,590 Joined:Oct 2002	Message Posted: Aug 14, 2012 2:22:56 PM Ignore boldrph Report Abuse we need abetter approach to energy