On October 2, PBF Energy Inc declined 5.19% in regular trading, retreating to $78.26 per share with turnover of $41.83 million, giving back a significant portion of earlier session gains that had pushed the stock above $82.

The pullback came amid broad-based selling across the refining sector as concerns over a potential US diesel export ban continued to weigh on sentiment. President Trump recently stated he is still seriously evaluating options including an export ban to address record domestic diesel prices averaging approximately $6.50 per gallon. Goldman Sachs described such a ban as a very likely scenario, estimating it could force refiners to cut crude processing by up to 1.9 million barrels per day, reducing utilization rates to 80-82%. Analysts warned that while a ban might temporarily lower diesel prices, it could simultaneously push gasoline prices higher by approximately $0.30 per gallon per week due to the interconnected nature of refinery product output.

Within the Oil and Gas Refining and Marketing sector, the decline was broad-based: Valero fell 3.82%, Marathon Petroleum dropped 2.25%, Phillips 66 lost 2.01%, HF Sinclair declined 1.78%, and Delek US slipped 1.65%.

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