Fed's Goolsbee Says Even If The Price Of Oil Drops Rapidly, Refining Capacity Remains 'Problematic' And Will Keep Diesel And Jet Fuel Prices Elevated
– CNBC interview

Last updated: 2026-11-15 17:30:20. Prices reflect the latest closing data and will resume updating on the next trading day. Stock price data is sourced from Massive.
PBF ENERGY INC. (PBF) operates in the PETROLEUM REFINING sector and is listed on NYSE. The stock is currently priced at $71.28, with a market capitalization of $8.45B and a P/E ratio of 3.12. Over the past 52 weeks, its price has ranged from $25.62 to $92.46. This page covers its latest market performance, valuation, price trends and company information.
$8.45B | |
$71.75 | |
$72.64 | |
$68.74 | |
$70.96 | |
882.47K | |
3.09M | |
3.12 | |
$92.46 | |
$25.62 | |
1.60% | |
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PBF ENERGY INC. (PBF) last closed at $71.28 as of 2026-11-14 00:43:00, up 0.45% ($0.32) from the previous close of $70.96.
During the latest regular trading session, PBF traded between $68.74 and $72.64, with a volume of 882.47K shares. The closing price was near the middle and near the upper end of its 52-week range.
Over the past seven days, PBF ENERGY INC. (PBF) moved from $68.37 to $71.28, representing a gain of 4.26% ($2.91).
The stock traded between $65.24 and $73.80 during the period. The latest price is near the upper end of the 7-day range, indicating moderate upward.
The average daily volume was 2.03 million shares, down versus the previous seven-day period, indicating lower trading activity.
Position in Range: 68.3%
PBF is currently trading at $71.28, placing it 68.3% of the way from its 52-week low of $25.62 to its 52-week high of $92.46. This percentage reflects the stock's relative position within its 52-week trading range, not its valuation or future performance.
PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. The company owns refineries in Delaware, Ohio, New Jersey, California, and Louisiana. The Company operates in two reportable business segments: Refining and Logistics. The Company's oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products and are aggregated into the Refining segment. PBFX operates logistics assets such as crude oil and refined products terminals, pipelines, and storage facilities. The Logistics segment consists solely of PBFX's operations.
| Industry | PETROLEUM REFINING |
| Employees | 3,678 |
| Exchange | NYSE |
| Company Website |
View the latest dividend and stock split events for PBF ENERGY INC.
Dividend | |
|---|---|
| Ex-Dividend Date | Nov 12, 2026 |
| Payment Date | Nov 24, 2026 |
| Dividend Per Share | $0.325 |
Latest news related to PBF ENERGY INC. and PBF stock.
– CNBC interview
Amid market volatility driven by inflation concerns and Fed rate hike expectations, momentum investing strategy highlights three stocks with strong 52-week gains but recent short-term pullbacks: Reliance (55.7% annual gain, -2.7% weekly), Arrow Electronics (78% annual gain, -2.3% weekly), and PBF Energy (80.1% annual gain, -4% weekly). All three stocks have Momentum Score A ratings and meet screening criteria for potential recovery.
HF Sinclair, Phillips 66, and PBF Energy are well-positioned to capitalize on tight global refined product supplies and elevated refining margins. Approximately 4-7 million barrels per day of refining capacity remain offline in the Middle East and Russia, with historically low inventories and elevated freight costs supporting favorable pricing conditions for U.S. refiners through 2027-2028.
Phillips 66, Valero Energy, and PBF Energy are positioned to benefit from widening discounts on heavy crude oil, particularly Western Canadian Select relative to West Texas Intermediate. These refiners' complex refining systems and pipeline connectivity enable them to process discounted heavy crude at lower feedstock costs, supporting improved refining margins. Phillips 66 stands out with the largest Canadian crude import capacity, gaining approximately $140 million in value for every $1-per-barrel widening in the WCS-WTI differential.
PBF Energy trades at a significant discount (1.91x EV/EBITDA vs. industry average of 4.60x) and is well-positioned to benefit from global fuel shortages, refinery shutdowns, and favorable refining margins. The company's renewable diesel business and strong balance sheet (20.85% debt-to-capitalization) further support its earnings outlook, earning it a Zacks Rank #1 (Strong Buy) rating.
Eligible investors can buy real shares of PBF ENERGY INC. (PBF) through MEXC RealStocks. Follow these three steps to open a RealStocks account, transfer USDT, and place a US stock order.
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Estimate the value between PBF shares and USD.
PBF Shares to USD
1.00 PBF shares = 71.283 USD
Calculations are estimates based on the latest available price and are for reference only.