PBF Jun 2023 47.000 call
| Previous Close | 3.5000 |
| Open | 3.5000 |
| Bid | 3.3000 |
| Ask | 3.6000 |
| Strike | 47.00 |
| Expire Date | 2023-06-16 |
| Day's Range | 3.5000 - 3.5000 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 2.92k |
- Reuters
UPDATE 1-California set to regulate profit margins for gasoline refiners
California can begin regulating how much profit the state's oil refiners can earn on selling gasoline beginning this summer under that Governor Gavin Newsom signed into law on Tuesday. “With this legislation, we’re ending the oil industry’s days of operating in the shadows," said Newsom, a Democrat, after signing the bill. Oil companies had opposed the measure that starting June 26 empowers the California Energy Commission to set a state gross gasoline refining profit margin, and to levy penalties for exceeding it.
- Reuters
CORRECTED-California moves to regulate its gasoline refining margin
California can begin regulating how much profit the state's oil refiners can earn on selling gasoline beginning this summer under a bill signed into law that oil companies rejected as likely to raise costs. The state's Democratic Governor Gavin Newsom on Tuesday signed the bill empowering the California Energy Commission to set a state gross gasoline refining profit margin, and to levy penalties for exceeding it. Chevron, the largest oil refiner by volume in the state, called the measure "a step backward" and its approval "likely to result in less reliable, less affordable fuel for state motorists," said spokesperson Ross Allen.
- Simply Wall St.
Investors in PBF Energy (NYSE:PBF) have made a enviable return of 648% over the past three years
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