The predicted tsunami wave that resulted from the earthquake in Chile landed on the island of Oahu early this afternoon. Tesoro’s Kapolei refinery reported no damage from the wave and is in the process of raising rates back to normal. Planned rates are expected to be realized within the next 12 hours.

Terminal operations remain closed until all clear signals are received from the government. Tesoro does not anticipate fuel shortages and supplies should soon return to normal. Seven retail sites that were closed due to potential water damage will also reopen upon receiving the all clear message.

Tesoro will continue its commitment to not raise fuel prices during this time of recovery for the state of Hawaii.

Tesoro Corporation, a Fortune 150 company, is an independent refiner and marketer of petroleum products. Tesoro, through its subsidiaries, operates seven refineries in the western United States with a combined capacity of approximately 665,000 barrels per day. Tesoro's retail-marketing system includes over 880 branded retail stations, of which over 380 are company operated under the Tesoro®, Shell®, Mirastar® and USA Gasoline™ brands.

Copyright Business Wire 2010