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Tesoro's (TSO -4.9%) proposed acquisition of Arco and its Carson refinery for $2.5B faces...

Tesoro's (TSO -4.9%) proposed acquisition of Arco and its Carson refinery for $2.5B faces increasing opposition, LA Times reports, as activists say the deal would reduce competition and raise prices for motorists. The deal is drawing fire, as California's average gasoline price hits a record $4.671/gal., because it would leave 51% of the state's refining capacity with just TSO and Chevron.
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Comments (1)
  • haruglory12
    , contributor
    Comments (54) | Send Message
     
    Typical of the Statist they sabotage the private sector with regulations and then blame the private sector for the problems caused by government.
    10 Oct 2012, 03:01 PM Reply Like
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