Valero Energy

Phillips 66

California Gas Prices Surge to $4.58 a Gallon Amid Refinery Closures

Phillips66

Phillips 66's 15min chart shows MACD Death Cross and KDJ Death Cross.

California Gas Prices Surge 40 Cents in Two Weeks Amid Refinery Closures

Phillips 66 Dividend Increases to $1.27, Yield Remains Low at 3.0%.

Phillips 66's 15min chart triggers KDJ Death Cross, bearish Marubozu pattern.

Catalyst<ul> <li>Most analysts rate PSX Buy or Strong Buy, showing broad institutional optimism.</li></ul>Risk<ul> <li>Technical indicators show that the market is in a weak state, and we need to pay attention to the risk of decline.</li> <li>Fund flow trends show negative net outflows for large and extra-large orders indicating potential selling pressure.</li></ul>

Key Factors

Phillips 66 (PSX) experienced a trading volume surge of 126.06% on February 17, 2026, but the stock closed 1.01% lower. PSX's dividend will remain at $1.27 per share, with a yield of 3.0%, and is expected to remain sustainable through 2026. The Los Angeles refinery operated by Phillips 66 was shut down in October 2025, reducing California's refining capacity by 17%.

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