MUSA · CIK 1573516
What Murphy USA Inc. told the SEC could break it.
2 self-disclosed vulnerabilities, pulled from its own filings — each in the company’s words, with the source. This is the risk register almost nobody reads.
A limited set so far — we surface every cited disclosure we’ve extracted for MUSA. More may follow as additional filings are processed.
In its own words
What could break it.
Regulatory & policy
- fuel-economy (CAFE) and GHG vehicle-emission standards affecting fuel demandmedium
Consumer demand for Murphy USA's fuel could be reduced by tightening CAFE fuel-economy and GHG vehicle-emission standards (and EV adoption), though in 2025 NHTSA and the EPA moved to revisit/remove some of these standards — a policy exposure currently shifting in fuel retailers' favor.
“Consumer demand for our products may be adversely impacted by fuel economy standards as well as greenhouse gas (“GHG”) vehicle emission reduction measures.”
SEC filing →As of 2026 - Renewable Fuel Standard / ethanol RIN price volatilitylow
Murphy USA is exposed to the unpredictable Renewable Fuel Standard program — ethanol RIN prices it received averaged $0.97 in 2025 vs $0.59 in 2024 — though the company says its business model does not depend on RIN revenue, with movements largely offset by cost of goods.
“The RFS program continues to be unpredictable and prices received by us for ethanol RINs averaged $0.97 per RIN for the year 2025 compared to $0.59 per RIN in 2024.”
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