business, a market where profits have gotten tougher because of
high crude oil prices.
The world's largest publicly traded oil company said Thursday it
will sell its 820-company owned stations and another 1,400 outlets
operated by dealers to gasoline distributors across the U.S.
The Irving-based company didn't disclose financial details but
said the transition will take place over a "multiyear period."
However, motorists will continue to see Exxon and Mobil stations
throughout the country. About 75 percent of its roughly 12,000
stations in the U.S. are owned by branded distributors. Exxon Mobil
will still sell gasoline to those stations and get paid for the use
of its name.
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Gas Prices Dropping










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theTonster , thanks for the reply, yep do not think i will be moving anytime soon, volcano erruption makes hurricanes sound like a piece of cake. i remember when mt st. helens errupted it was terrible, funny we have oil rigs all in the gulf but our gas prices are very close. i knew the chinese were very close to boeing. my brother retired from boeing in north alabama, said they were very arrogant, but thanks for the great compliment of our great city. it is growing, maybe patty murray will consider us part of the united states. i think there are some great people in washington who need to speak up more about that chinese train deal. welcome to l.a. (lower alabama)