Tesoro gives up terminal to avoid antitrust case over gasoline

Port of Anchorage. Photo: Corps of EngineersUnder pressure from the state, Tesoro has agreed to sell one of its two fuel storage terminals at the Port of Anchorage to avoid having a monopoly over the gasoline market in Alaska’s Railbelt.
Chief Assistant Attorney General Ed Sniffen  says the state began investigating after Tesoro announced last year it planned to buy the Flint Hills tank farm at the Anchorage port. In addition to its Anchorage storage facilities, Tesoro also owns the s