Gasoline-starved California is turning to fuel from the Bahamas [Fortune]
Phillips 66 (PSX)
Last phillips 66 earnings: 5/1 07:00 am
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Source: Fortune
Recommended Video Shipments on the circuitous route are increasing. California imported more gasoline in November than ever before, with more than 40% coming from the Bahamas. 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 consumers by between 5 and 15 cents a gallon, said Patrick De Haan, GasBuddy's head of petroleum analysis. Read more: Threat of $8-a-Gallon Gas Forces Newsom to Court Big Oil After Phillips 66 shuttered its Los Angeles refinery in Octob
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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 [Yahoo! Finance Canada]Yahoo! Finance Canada
- 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