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News Story
10/18/2012
Posted by Mark Reback
SANTA MONICA, Calif. (Legal Newsline) – Consumer Watchdog urged California Attorney General Kamala Harris on Wednesday to block a $2.5 billion offer by Tesoro to acquire Arco gas stations and BP’s refinery in Carson. Consumer Watchdog sent a letter to Harris on Wednesday warning that the recent California spike in gasoline prices is a...
News Story
10/15/2012
Posted by Mark Reback
California consumer advocates are piping up about a Texas company's plan to buy a major fuel refinery in Carson, California. San Antonio-based Tesoro is hoping to buy the Carson refinery and hundreds of retail gas stations from British Petroleum. The multibillion-dollar sale would transfer one of the state's largest refineries and Arco gas...
News Story
10/10/2012
Posted by Daniel Palay
Consumer groups gear up to fight the sale of Arco and its Carson refinery to Tesoro, saying it would reduce competition and possibly lead to higher fuel costs. As California gasoline prices set fresh records daily, consumer advocates are gearing up to fight the sale of the low-cost Arco brand and its Carson refinery to a Texas company not known...
News Story
8/14/2012
Posted by Mark Reback
The $2.5-billion deal would boost Tesoro's West Coast presence and give BP cash it needs. It also would leave Tesoro and Chevron controlling more than half of California's gasoline production. Texas oil giant Tesoro Corp. said it will spend $2.5 billion to buy a sprawling refinery in Carson and other assets — including the Arco...
Blog Post
11/9/2011
Posted by Judy Dugan
British oil giant BP would like us all to forget its record oil spill in the Gulf of Mexico last year, a deadly 2005 explosion at its Texas City oil refinery and a major Alaskan oil spill in between–all of them the result of a company that cared more about the bottom line than about how it got there. But, oops, BP is back in the news with...