Tesoro may not be allowed to buy Arco in California

Posted by Timothy Haves on Oct 10, 2012 in Blog | Comments Off on 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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