And a more recent Yale study on the effect of Thrifty's buyout of ARCO
in Southern Califonia.  Essentially this is a case study on the effect
of independant smaller gas companies being bought up by larger ones:

http://aida.econ.yale.edu/~jh529/Hastings_Final_VertInt092803.pdf

Conclusions include:

"The analysis shows that the presence of independent retailers
acts to decrease local retail prices."

and...

"This model predicts that when independents are replaced by branded
integrated stations price competition in the market is softened,
resulting in higher local market prices."

:)

-Cameron

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