Dozens Of U.S. Oil Refining And Business Groups Urge Trump To Reject Any Effort To Impose Ban On Diesel Exports
- Reuters Citing Letter
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- Reuters Citing Letter
Par Pacific Holdings is strengthening its retail segment through expanded merchandise and food service offerings to build a more stable earnings base alongside its cyclical refining business. Despite a 0.8% decline in same-store fuel volumes in Q2 2026, in-store sales rose 1% and retail adjusted EBITDA improved to $17 million. The company's retail segment generated $40.7 million in adjusted gross margin, demonstrating the value of diversification. Similar strategies are being pursued by competitors HF Sinclair and Phillips 66.
A diesel export ban could force U.S. refiners to lift gasoline and jet fuel prices, with diesel already at a record $6.53 a gallon.
Valero Energy (VLO), Par Pacific Holdings (PARR), and PBF Energy (PBF) are positioned to benefit from constructive refining margins driven by low global product inventories and constrained refining capacity. VLO's Gulf Coast network provides crude sourcing advantages and strong cash generation, with the company returning $2.6 billion to shareholders in Q2 2026. All three refiners are expected to see sustained profitability from the supportive margin environment in the near term.
Stocks pared a sharp morning selloff after sources said US and Iranian negotiators are discussing a phased deal to reopen the Strait of Hormuz.