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Consumer Watchdog Urges California AG to Block Tesoro Purchase

GasBuddy Blog -- The average price for regular gas in California now stands at $4.67 a gallon, a record for both California and the nation. The spike is a function of low gasoline inventories and recent supply disruptions. California's refinery market is already too small— 14 refineries power the world's eighth largest economy. If Tesoro's $2.5 billion offer to acquire BP's refinery in Carson and ARCO stations is approved by California Attorney General Kamala Harris, market concentration could lead to even higher prices, said Consumer Watchdog in a letter today.

"If the purchase goes through, Tesoro and Chevron will between them own more than half of California's fuel refining capacity, including the three largest refineries in the state," the letter...

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Submitted Oct 10, 2012 By: PD

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honda0105 Champion Author Tallahassee Posts:18,643 Points:1,611,470 Joined:Nov 2008	Message Posted: Oct 16, 2012 2:54:01 AM Ignore honda0105 Report Abuse interesting that there's something that seems to be going for the consumer in CA for once. [Edited by: honda0105 at 10/16/2012 5:56:47 AM EST]
Rappcommuter Veteran Author Virginia Posts:476 Points:556,385 Joined:Apr 2011	Message Posted: Oct 12, 2012 6:26:28 AM Ignore Rappcommuter Report Abuse I don't think this will be approved.
DrCashFlow Champion Author Massachusetts Posts:7,075 Points:1,629,095 Joined:Jun 2008	Message Posted: Oct 12, 2012 2:37:06 AM Ignore DrCashFlow Report Abuse mergers in the refinery space are definitely anti-consumer and anti-competitive. blocking should be automatic
sjf238 Champion Author Philadelphia Posts:1,215 Points:647,955 Joined:Mar 2011	Message Posted: Oct 11, 2012 11:30:32 AM Ignore sjf238 Report Abuse Good.
EMoe57 Champion Author Jacksonville Posts:4,627 Points:1,017,990 Joined:Apr 2009	Message Posted: Oct 11, 2012 11:14:46 AM Ignore EMoe57 Report Abuse interesting
AlgaeNOW Champion Author Wyoming Posts:1,012 Points:312,030 Joined:Sep 2005	Message Posted: Oct 11, 2012 9:28:09 AM Ignore AlgaeNOW Report Abuse k
dastard57 Champion Author Orange County Posts:3,216 Points:626,925 Joined:Feb 2011	Message Posted: Oct 11, 2012 9:12:23 AM Ignore dastard57 Report Abuse Allowing new energy sources to develop under a free enterprise system would take care of the problem. Unfortunately, we don't have a free market, too much gov't control and crony capitalism. The other big problem is the lack of refineries, which is not at all easy to solve, nobody wants to live in an area that by simply breathing in the air can give you cancer.
yakstar Champion Author Montreal Posts:2,430 Points:480,845 Joined:Jan 2012	Message Posted: Oct 11, 2012 8:37:32 AM Ignore yakstar Report Abuse How about that Raul Ibanez for the Yankees?
MrLuigi Champion Author Massachusetts Posts:4,783 Points:968,635 Joined:Jun 2005	Message Posted: Oct 11, 2012 8:28:56 AM Ignore MrLuigi Report Abuse we can't afford higher gas prices!!
IMLURCH Champion Author Minnesota Posts:2,194 Points:1,105,130 Joined:Mar 2009	Message Posted: Oct 11, 2012 8:21:18 AM Ignore IMLURCH Report Abuse old story
67yenko Champion Author Mississippi Posts:1,170 Points:362,780 Joined:Jan 2011	Message Posted: Oct 11, 2012 8:20:25 AM Ignore 67yenko Report Abuse think that is the problem... the ones making the rules have smoke to much medical marijuana
rippertoo Champion Author Tacoma Posts:5,765 Points:1,143,785 Joined:Jan 2010	Message Posted: Oct 11, 2012 8:19:24 AM Ignore rippertoo Report Abuse Aren't higher prices the goal?
CatMan623 Champion Author Houston Posts:16,383 Points:2,345,970 Joined:Aug 2006	Message Posted: Oct 11, 2012 8:18:45 AM Ignore CatMan623 Report Abuse Just one more reason for businesses to leave my native state...sad.
rev342 Veteran Author Florida Posts:484 Points:256,155 Joined:Apr 2012	Message Posted: Oct 11, 2012 8:18:04 AM Ignore rev342 Report Abuse The AG really needs to block this
livewire300 Champion Author South Carolina Posts:3,385 Points:166,935 Joined:Jun 2011	Message Posted: Oct 11, 2012 8:17:28 AM Ignore livewire300 Report Abuse Interesting..
dad2two Champion Author Dallas Posts:3,555 Points:752,345 Joined:May 2010	Message Posted: Oct 11, 2012 8:16:40 AM Ignore dad2two Report Abuse Time for California to approve a new refinery somewhere. (like that would ever happen)
Kaiyne Champion Author Chicago Posts:2,349 Points:474,665 Joined:Feb 2011	Message Posted: Oct 11, 2012 8:16:00 AM Ignore Kaiyne Report Abuse Pits make good watchdogs.
q2 Champion Author Alberta Posts:2,044 Points:382,045 Joined:Nov 2008	Message Posted: Oct 11, 2012 8:13:17 AM Ignore q2 Report Abuse pricey
slvrdo_dsprdo Champion Author Nashville Posts:4,707 Points:913,990 Joined:Jul 2008	Message Posted: Oct 11, 2012 8:12:39 AM Ignore slvrdo_dsprdo Report Abuse If California waived their gas tax for a time, their avg price would stand at $4.00. Put that in your medical marijuana pipe and smoke it.
LoadToad Champion Author San Diego Posts:1,364 Points:1,298,045 Joined:Sep 2005	Message Posted: Oct 11, 2012 8:12:13 AM Ignore LoadToad Report Abuse Looks like it time to move out of California ! ! !
Bigtex09 Champion Author Dallas Posts:4,298 Points:1,161,235 Joined:Oct 2009	Message Posted: Oct 11, 2012 8:11:04 AM Ignore Bigtex09 Report Abuse there real solution is to drill.
trugasCA Champion Author California Posts:3,886 Points:160,905 Joined:Mar 2011	Message Posted: Oct 11, 2012 8:10:35 AM Ignore trugasCA Report Abuse Please block it. But l am afraid buying Arco is a done deal.
indyjim Champion Author Indianapolis Posts:10,106 Points:2,321,380 Joined:Jul 2006	Message Posted: Oct 11, 2012 8:10:06 AM Ignore indyjim Report Abuse Gouging the public.
ModelWarships Champion Author Missouri Posts:5,805 Points:1,234,035 Joined:Jul 2008	Message Posted: Oct 11, 2012 8:08:39 AM Ignore ModelWarships Report Abuse Why block it?
Car54BC08 Champion Author British Columbia Posts:4,264 Points:1,512,290 Joined:Jun 2008	Message Posted: Oct 11, 2012 8:07:43 AM Ignore Car54BC08 Report Abuse This is a repeat
Don20 Champion Author Oklahoma City Posts:9,682 Points:2,621,580 Joined:Mar 2005	Message Posted: Oct 11, 2012 8:07:41 AM Ignore Don20 Report Abuse Yesterdays news.. "If the purchase goes through, Tesoro and Chevron will between them own more than half of California's fuel refining capacity, including the three largest refineries in the state. It doesn't make any difference who owns the refiner, just as long as they can run it with some efficiency. Cali need to get off the blend gas for awhile..
AnObserver Champion Author New Jersey Posts:8,364 Points:2,259,730 Joined:Sep 2005	Message Posted: Oct 11, 2012 8:07:17 AM Ignore AnObserver Report Abuse Denying this acquisition is the right move - competition is good
REVLAW Champion Author San Antonio Posts:10,445 Points:2,009,195 Joined:Jul 2007	Message Posted: Oct 11, 2012 8:07:13 AM Ignore REVLAW Report Abuse Weird things happen in California. Could it be the water, or just the mentality of the population?
Tutootin Champion Author Toronto Posts:10,131 Points:3,079,380 Joined:Jun 2004	Message Posted: Oct 11, 2012 8:06:58 AM Ignore Tutootin Report Abuse blazerbob91, Just what I was going to say!
kiss4afrog Veteran Author Twin Cities Posts:421 Points:173,960 Joined:Jan 2008	Message Posted: Oct 11, 2012 8:05:05 AM Ignore kiss4afrog Report Abuse Hopefully they keep working on electric and get the reliability up and the cost down. Decreasing the need for gas is the best solution but I know I wouldn't be able to spring for an electric anytime soon.
geezrtek Champion Author Michigan Posts:1,917 Points:432,185 Joined:Apr 2011	Message Posted: Oct 11, 2012 8:02:40 AM Ignore geezrtek Report Abuse Yesterdays news
Emmamae1 Champion Author Illinois Posts:3,071 Points:591,140 Joined:Oct 2011	Message Posted: Oct 11, 2012 8:02:03 AM Ignore Emmamae1 Report Abuse this is a big problem. Now it is affecting west coast but chicagoland has had highest price in the nation for most of the year.
bojiway1 Champion Author Minnesota Posts:2,059 Points:480,685 Joined:Dec 2011	Message Posted: Oct 11, 2012 8:01:17 AM Ignore bojiway1 Report Abuse They have a lot of problems Thanks to the politics.
danandmary Champion Author California Posts:4,203 Points:969,675 Joined:Jun 2010	Message Posted: Oct 11, 2012 8:00:38 AM Ignore danandmary Report Abuse The refinerys are owned by too few oil companies.
DevilMachine Sophomore Author Durham Posts:214 Points:237,080 Joined:Apr 2010	Message Posted: Oct 11, 2012 8:00:28 AM Ignore DevilMachine Report Abuse this doesn't sound fishy at all.
Tekkersmom57 Champion Author Syracuse Posts:1,884 Points:702,165 Joined:May 2010	Message Posted: Oct 11, 2012 8:00:14 AM Ignore Tekkersmom57 Report Abuse This article sounds horrible for the California resident!
GasSpy007 Champion Author New York City Posts:1,832 Points:490,275 Joined:Nov 2011	Message Posted: Oct 11, 2012 8:00:03 AM Ignore GasSpy007 Report Abuse What next with that State??
1stClicker Champion Author Texas Posts:5,326 Points:2,245,495 Joined:Oct 2005	Message Posted: Oct 11, 2012 7:59:54 AM Ignore 1stClicker Report Abuse Hey these people voted in these politicians.
Double_Golden Champion Author San Francisco Posts:2,570 Points:606,585 Joined:Aug 2011	Message Posted: Oct 11, 2012 7:59:53 AM Ignore Double_Golden Report Abuse yes, rejected the purchase...
AlienBug All-Star Author Connecticut Posts:732 Points:218,035 Joined:Jul 2011	Message Posted: Oct 11, 2012 7:57:18 AM Ignore AlienBug Report Abuse Cali sucks
TBecker1415 Champion Author Missouri Posts:1,670 Points:349,690 Joined:Nov 2011	Message Posted: Oct 11, 2012 7:55:46 AM Ignore TBecker1415 Report Abuse ok
waynemustang Champion Author Indiana Posts:6,387 Points:1,667,735 Joined:Nov 2006	Message Posted: Oct 11, 2012 7:54:39 AM Ignore waynemustang Report Abuse Allow the building of new refineries! California has made that almost impossible.
motbe Rookie Author Orlando Posts:37 Points:440,415 Joined:Aug 2011	Message Posted: Oct 11, 2012 7:54:39 AM Ignore motbe Report Abuse Thankful not to live in CA
cricket48750 All-Star Author Michigan Posts:802 Points:415,080 Joined:May 2011	Message Posted: Oct 11, 2012 7:54:31 AM Ignore cricket48750 Report Abuse Getting rid of BP is probably worth it.
peakkeller Champion Author Colorado Springs Posts:1,696 Points:779,075 Joined:Dec 2009	Message Posted: Oct 11, 2012 7:54:22 AM Ignore peakkeller Report Abuse Interesting
OldMan322 Champion Author Illinois Posts:5,165 Points:1,596,690 Joined:Jul 2008	Message Posted: Oct 11, 2012 7:53:10 AM Ignore OldMan322 Report Abuse "SavALot" YES, maybe somebody didn't get paid off
nauzad Champion Author Las Vegas Posts:1,029 Points:287,330 Joined:Mar 2010	Message Posted: Oct 11, 2012 7:52:08 AM Ignore nauzad Report Abuse hmm.
Gascapade Champion Author Fort Worth Posts:3,027 Points:482,905 Joined:Mar 2009	Message Posted: Oct 11, 2012 7:51:15 AM Ignore Gascapade Report Abuse Let it happen and strongly monitor and enforce against collusion...
Rick01 Champion Author Utah Posts:9,028 Points:2,364,525 Joined:Sep 2005	Message Posted: Oct 11, 2012 7:50:51 AM Ignore Rick01 Report Abuse Remember the costs of breaking up Ma Bell.
techque Champion Author St. Louis Posts:8,665 Points:2,421,580 Joined:Apr 2005	Message Posted: Oct 11, 2012 7:50:43 AM Ignore techque Report Abuse this is a real toss up - getting BP out is really tempting.