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Tesoro may not be allowed to buy Arco in California

LOS ANGELES — Consumer advocates are gearing up to fight the sale of the ARCO brand and its Carson refinery to Tesoro Corp, according to a report by The Los Angeles Times. The transaction is drawing fire now–with California’s average gasoline price at a record $4.671 a gallon Tuesday, according to AAA–because it would leave 51% of the state’s refining capacity in the...
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Judge Can’t Help Dealers About to Lose Stations

“Powerless,” warns of “domino effect” of injunction in BP-dealer embroglio SAN DIEGO — A federal judge said she is “powerless” to issue a temporary restraining order to prevent BP from terminating the franchises of more than 100 ARCO and Thrifty dealers whose Southern California stations are to be turned over to independent refiner Tesoro. Judge Janis...
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