Tesoro's Closes Purchase of 46 Northwest Gas Stations

SEATTLE-Tesoro Petroleum Corp. says its West Coast subsidiary has completed the acquisition of 46 gas station locations Washington, Oregon and Idaho from Seattle-based Gull Industries Inc.

San Antonio-based Tesoro says most of the gas stations are in Washington. About 80% of the stations also have convenience stores on the property. Tesoro’s West Coast subsidiary plans to convert the stations to the Tesoro brand, adding to the company’s 600 existing locations, one-third of which are company owned.

Terms of the transaction have not been revealed. Tesoro owns refineries in Alaska, Hawaii and Anacortes, WA, a small community 70 miles north of Seattle on the Puget Sound. Its five refineries have a combined capacity of approximately 390,000 barrels a day.