Tag: 2019萧山哪里有鸡

Chevron stops bid for 122 gas stations

first_img 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MORESurfer attacked by shark near Channel Islands calls rescue a ‘Christmas miracle’Boxer said the company and six other large refiners supplied about 90 percent of retail gas in the state, giving them “a significant effect” on prices in California due to their dominant market position. “Finally, there is some good news for the consumer with the termination of this proposal,” Boxer said in a statement issued Friday evening. “I believe consumers will be better served without a continuation of consolidation that has eroded the competitive gas market over the past decade.” Thousand Oaks-based USA Petroleum owns and operates retail gasoline stations primarily in California. Company representatives did not immediately return a call for comment. SAN RAMON – Oil company Chevron Corp. called off its planned acquisition of 122 retail gasoline stations in California owned by USA Petroleum Corp. The deal was stopped “for business reasons,” Chevron spokeswoman Stephanie Price said Friday, declining further comment. San Ramon-based Chevron, which last month reported a record quarterly profit of $5 billion, announced the deal in July and said it planned to operate the stations under either the Chevron or Texaco brand. Sen. Barbara Boxer, D-Calif., last month asked the Federal Trade Commission to “thoroughly review” Chevron’s then-pending acquisition. last_img read more