Phillips 66 (PSX) stock price, news and key stats

Price

Last close as of Sep 16, 2026. Delayed data; not a live quote.

Previous close

$264.93

Open

$260.46

Day range

$259.36 – $267.29

Volume

2.7M

About Phillips 66

Latest PSX news

• Top Senate Republican floats a diesel export ban as prices soar. It might not work.
  MarketWatch · Sep 15, 2026

  As diesel prices continue to surge, Senate Minority Leader Mitch McConnell has proposed a potential ban on diesel exports to alleviate domestic supply pressures. This move comes amid concerns that high fuel costs are exacerbating inflation and straining consumers and businesses alike. With diesel prices reaching record highs, the suggestion aims to redirect more fuel to the U.S. market, potentially stabilizing prices for consumers and industries reliant on diesel, such as transportation and agriculture. However, experts caution that a ban on diesel exports may not yield the intended results. The U.S. has become a significant player in the global diesel market, and restricting exports could disrupt established supply chains and lead to retaliatory measures from trading partners. Additionally, the underlying factors driving diesel price increases, such as geopolitical tensions and refinery capacity constraints, may not be addressed by such a ban. Market analysts suggest that while the proposal may resonate politically, its practical implications could lead to unintended consequences, further complicating the already volatile energy landscape.

• Crude Oil Rally Running Low on Gas?
  Forex News · Sep 15, 2026

  The recent rally in crude oil prices appears to be losing momentum as U.S. crude stockpiles reached their highest levels in over three years, raising concerns about oversupply. This development comes on the heels of a four-day price increase, which was driven by fears of energy shortages and geopolitical tensions affecting global supply chains. The International Energy Agency (IEA) has reported a significant reduction in Russian refinery capacity, estimated to be 30% lower due to ongoing conflicts, contributing to soaring diesel prices and heightened market volatility. Despite these geopolitical pressures, the surge in U.S. refining margins, particularly for companies like Valero, Marathon Petroleum, and Phillips 66, has led to a more favorable outlook for domestic refiners. Their ability to capitalize on record fuel cracks has allowed them to thrive even as crude prices fluctuate. However, the current oversupply situation, indicated by rising stockpiles, could temper further price increases and lead to a recalibration of market expectations. Market analysts are closely monitoring these dynamics, as the interplay between refining capacity, geopolitical risks, and inventory levels will be crucial in determining the future trajectory of oil prices. If the trend of increasing stockpiles continues, it may signal a shift in market sentiment, potentially leading to a pullback in crude prices in the near term.

• White House Weighs Defense Production Act as U.S. Refineries Maxed Out
  OilPrice · Sep 11, 2026

  The White House is contemplating the invocation of the Defense Production Act to enhance U.S. oil refining capacity amid soaring diesel prices, which have surpassed $6 per gallon. With American refineries operating at nearly full capacity—98%—the administration is exploring options to mitigate the impact of global crude supply disruptions, particularly in light of rising tensions in the Middle East. This potential move comes after discussions between President Trump and U.S. refiners, who are advocating for federal funding to improve efficiency and expand existing facilities rather than building new ones. The urgency of the situation is underscored by the current market conditions, where high diesel prices are straining consumers and businesses alike, potentially leading to broader inflationary pressures across the economy. If the Defense Production Act is enacted, it could lead to increased investment in refining infrastructure, which may help stabilize fuel prices in the long term. However, the effectiveness of such measures will depend on the speed of implementation and the ability of refiners to quickly ramp up production. In the short term, market participants will be closely monitoring any developments, as they could significantly influence oil prices and overall energy market dynamics.

• $9.999 and maxed out: California diesel prices overwhelm pump displays as global supply crunch worsens
  Fortune · Sep 10, 2026

  Diesel prices in California have reached unprecedented levels, with some gas station pumps maxing out at $9.999 per gallon, the highest amount their displays can show. This alarming trend reflects a broader global supply crunch that continues to drive fuel costs higher. According to GasBuddy petroleum analyst Patrick De Haan, the situation is indicative of severe supply constraints that have plagued the market, exacerbated by ongoing geopolitical tensions and production limitations. The implications of soaring diesel prices are significant, particularly for industries reliant on transportation and logistics. Higher fuel costs can lead to increased prices for goods and services, contributing to inflationary pressures across the economy. As diesel prices approach the $10 mark, businesses may be forced to pass on these costs to consumers, potentially dampening consumer spending and impacting overall economic growth. Analysts are closely monitoring the situation, as sustained high prices could lead to shifts in consumer behavior and further strain supply chains already under pressure.

• Refining bottlenecks are emerging as the next big oil problem as Middle East skirmishes flare up
  MarketWatch · Sep 9, 2026

  Refining bottlenecks are emerging as a critical issue in the oil market, exacerbated by escalating tensions in the Middle East, particularly the ongoing conflict involving Iran. As American drivers faced the highest gasoline prices on record during Labor Day, the dwindling global refinery capacity has raised concerns about further price increases. The situation has been intensified by disruptions in the Strait of Hormuz, a vital shipping route for oil, and reduced refining outputs in Asia, which have collectively tightened global fuel supplies. The current geopolitical climate has pushed refining margins to unprecedented levels, as the market grapples with the largest oil supply shortage in history. Economists have flagged this supply crisis as a significant concern, especially with the resumption of blockades in the Strait of Hormuz by the U.S. and Iran. The implications for the market are profound; if refining bottlenecks persist, consumers could face even higher fuel prices, which may further strain household budgets and impact overall economic activity. As the situation develops, stakeholders in the oil market will need to closely monitor both geopolitical events and refining capacity to navigate the potential for sustained volatility in fuel prices.

• Oil’s Crack Spread Captivates Central Bankers Fretting Inflation
  Economic Data · Sep 9, 2026

  The crack spread, a key indicator of profitability for oil refiners, has recently drawn the attention of central bankers as they grapple with persistent inflationary pressures. This metric, which measures the difference between the price of crude oil and the prices of refined products like gasoline and diesel, has surged, reflecting both rising demand for fuel and supply chain constraints. As refiners benefit from higher margins, the implications for inflation are significant, particularly in energy-dependent economies. Central banks, already facing challenges from elevated consumer prices, are closely monitoring the crack spread as a potential harbinger of further inflationary trends. An increase in refined product prices can lead to higher transportation and production costs, which may be passed on to consumers. This scenario complicates monetary policy decisions, as central banks must balance the need to control inflation without stifling economic growth. Market analysts suggest that sustained high crack spreads could prompt central banks to adopt more aggressive interest rate policies to combat inflation. Investors are advised to keep an eye on energy markets, as fluctuations in oil prices and refining margins could significantly influence broader economic conditions and monetary policy trajectories.

• US refinery tightness means diesel could drive inflation even with steady oil prices
  Economic Data · Sep 7, 2026

  U.S. diesel prices have surged to record highs, driven by a tightening global supply chain exacerbated by geopolitical tensions, particularly renewed hostilities between the U.S. and Iran, and ongoing disruptions from the conflict in Ukraine. As a result, diesel cracks—the difference between the price of crude oil and refined diesel—have soared above $100 per barrel, indicating a significant strain on refining capacity. This situation is further compounded by a more than 50% drop in diesel exports from the Middle East and Russia, leading to dwindling inventories. The implications of rising diesel prices extend beyond the fuel itself, as diesel is a critical component of the supply chain, impacting trucking, agriculture, and construction sectors. Increased transportation and operational costs are likely to be passed on to consumers, potentially driving inflation even in a stable oil price environment. With diesel being less visible to the average consumer compared to gasoline, the economic ripple effects could be profound, influencing prices on store shelves and household budgets across the nation. As the situation develops, market analysts will be closely monitoring both geopolitical events and refining capacity to gauge the long-term impact on inflation and economic stability.

• Why US oil companies are not rushing to build new refineries despite Trump’s push
  Oil & Gas · Sep 7, 2026

  Despite former President Donald Trump's renewed calls for increased domestic oil refining capacity, U.S. oil companies are showing little urgency in building new refineries. The industry, which has faced significant challenges over the past few years, is prioritizing efficiency and modernization of existing facilities rather than investing in new infrastructure. The reluctance stems from a combination of factors, including regulatory hurdles, environmental concerns, and a volatile market that has made long-term investments in new refineries less appealing. The refining sector has been under pressure from both sides of the political spectrum, with increasing scrutiny over carbon emissions and climate change. Many companies are focusing on transitioning to cleaner energy sources and enhancing their sustainability practices, which complicates the decision to invest heavily in new fossil fuel infrastructure. Additionally, the current economic landscape, characterized by fluctuating oil prices and potential shifts in consumer demand towards renewable energy, further dampens enthusiasm for new refinery projects. Market implications of this cautious approach could lead to tighter refining margins in the short term, particularly if demand for gasoline and diesel remains strong as the economy rebounds. However, the lack of new capacity could also result in supply constraints, potentially driving up fuel prices. As companies navigate these complexities, the future of U.S. refining capacity remains uncertain, with many stakeholders advocating for a balanced approach that considers both economic viability and environmental responsibility.

• US diesel prices soar as Trump hauls in refiners
  FT Companies · Sep 1, 2026

  Former President Donald Trump has called on U.S. refiners to increase fuel production in response to rising prices driven by escalating tensions in the Middle East, particularly the ongoing conflict involving Iran. The request comes as crude oil prices have surged, with Brent crude reaching levels not seen since the early days of the COVID-19 pandemic. This spike in fuel costs has raised concerns among consumers and businesses alike, prompting calls for action from both political leaders and industry stakeholders. The implications for the market are significant, as higher fuel prices can lead to increased inflationary pressures across the economy. Analysts warn that sustained increases in energy costs could dampen consumer spending and slow economic growth. In addition, refiners may face challenges in ramping up production due to existing supply chain constraints and regulatory hurdles. The Biden administration has also been monitoring the situation closely, weighing options to alleviate the financial burden on consumers, including potential releases from the Strategic Petroleum Reserve. As the geopolitical landscape remains volatile, the energy sector is likely to experience continued fluctuations, influencing both market sentiment and policy decisions in the coming weeks.

• U.S. Refiners Face New Crude Squeeze as Canada Cuts Oil Sands Output
  Oil & Gas · Aug 25, 2026

  U.S. refiners are facing a tightening supply of heavy crude as Canada announces cuts to its oil sands output, exacerbating an already challenging market environment. With Canadian inventories at unusually low levels and the recovery of Venezuelan production lagging, U.S. refiners are struggling to secure adequate replacement supplies. This situation is compounded by a recent decline in U.S. crude oil output, which fell approximately 2% in May from record levels in April, while exports reached a new high for the second consecutive month. The impact of these developments is significant, as U.S. refineries have been operating at near-maximum capacity for an extended period, aiming to capitalize on elevated refining margins driven by geopolitical tensions, particularly the ongoing conflict in the Middle East. Despite achieving record output and profits, the global market remains short on gasoline and diesel, with refinery closures and disruptions further constraining supply. As refiners navigate this complex landscape, the potential for increased fuel prices looms, raising concerns about inflationary pressures in the broader economy.

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