Phillips 66 CEO Mark Lashier warned of greater refining and petrochemical earnings volatility from Hormuz disruptions

Phillips 66 Chairman and CEO Mark Lashier issued a clear warning on June 24, 2026, at the Reuters Global Energy Forum in New York: refining and petrochemical earnings face greater volatility due to ongoing uncertainty from disruptions in the Strait of Hormuz. Lashier highlighted how uncertainty in crude supply and shipping lanes causes refining margins […]

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When Will Gas Prices Come Down? Post-Iran Conflict Dynamics, Tight Inventories, and the Path to Pre-War Levels

Gasoline prices in the U.S. have eased from crisis peaks above $4.50 per gallon but remain stubbornly elevated. As of June 15, 2026, the national average for regular gasoline stood around $4.05 per gallon (with some reports citing ~$3.90–$3.99 recently), still more than $1 above pre-war (pre-2022) levels that were consistently under $3 per gallon. […]

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At Last, An Energy Secretary Who Tells The Truth About Energy

This article was first published on the Energy Absurdities Substack by David Blackmon. We highly recommend following and subscribing to his Substack. For years, Americans have been subjected to a steady drumbeat of energy scarcity narratives, peak oil hysteria, and politically motivated predictions that hydrocarbons were on the verge of running out. These claims have shaped […]

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