On September 25, PBF Energy Inc rose 5.21% in regular trading, trading at $74.17 per share, with turnover of approximately $109 million. The refining sector staged a broad-based rebound after falling sharply earlier in the week amid fears of a potential U.S. diesel export ban.
The sector had come under significant pressure after President Trump expressed support for restricting diesel exports to address record-high domestic diesel prices, which recently surpassed $6.50 per gallon — a roughly 77% surge year-over-year. PBF Energy itself had declined 5.04% on September 22 as part of the sector-wide selloff triggered by the export ban discussion, with analysts warning that such a measure could end the historic run-up in refining margins and force production cuts. However, considerable uncertainty remains over whether the ban will be implemented, with officials divided on its feasibility and potential unintended consequences, fueling a relief rally across the group.
Within the Oil and Gas Refining and Marketing sector, Valero rose 4.55%, Marathon Petroleum gained 2.85%, Phillips 66 advanced 2.51%, and HF Sinclair added 2.74%, while Delek US fell 4.58%.
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