Gasoline-Starved California Is Turning to Fuel From the Bahamas [Yahoo! Finance Canada]
Phillips 66 (PSX)
Last phillips 66 earnings: 5/1 07:00 am
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Source: Yahoo! Finance Canada
(Bloomberg) -- US supplies of gasoline are being shipped out of the country to travel thousands of miles via the Bahamas before finally ending up in California, a state battling shrinking fuelmaking capacity and high pump prices. Shipments on the circuitous route are increasing. California imported more gasoline in November than ever before, with more than 40% coming from the Bahamas. Most Read from Bloomberg The lengthy journey adds another layer of cost to California's already expensive gasoline market. Yet the phenomenon isn't likely to disappear soon, thanks to a combination of disappearing oil refineries, a lack of interstate pipelines and a loophole in a 106-year-old maritime law. California has among the strictest environmental regulations in the US, making it costly for energy companies to operate in, though a wave of upcoming refinery closures is prompting officials and regulators to soften their stance. On average, the closures could raise the cost of gasoline for c
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News
- Phillips 66 (NYSE:PSX) Passed Our Checks, And It's About To Pay A US$1.27 Dividend [Yahoo! Finance]Yahoo! Finance
- Gas prices are on rise in California and there are several reasons why [USA TODAY]USA TODAY
- Gasoline-starved California is turning to fuel from the Bahamas [Fortune]Fortune
- Phillips 66's (NYSE:PSX) Shareholders Will Receive A Bigger Dividend Than Last Year [Yahoo! Finance]Yahoo! Finance
- Phillips 66 (NYSE:PSX) had its price target raised by analysts at Argus from $152.00 to $185.00. They now have a "buy" rating on the stock.MarketBeat
PSX
Earnings
- 2/4/26 - Beat
PSX
Sec Filings
- 2/17/26 - Form 144
- 2/12/26 - Form 4
- 2/12/26 - Form 4
- PSX's page on the SEC website