Chevron CFO expects gas prices to fall as Middle East stabilizes, responds to Trump's gouging accusations
By
Sam Meredith
Summary
Chevron CFO Eimear Bonner stated that U.S. gasoline prices are expected to fall as the Middle East situation normalizes, responding to President Trump's criticism that Big Oil is "gouging" consumers by not lowering prices in line with declining crude costs. Bonner claimed energy companies are doing everything they can but that price adjustments take time.
Source
bskyChevron CFO expects gas prices to fall as Middle East stabilizes, responds to Trump's gouging accusationscnbc.comKey quotes
· 3 pulledWhat I would say is,
doing everything we can
What I would say is, we are doing everything we can to resolve the situation, but it will take time for fuel prices to come down.
You might also wanna read
Oil Prices Drop After Israel-Lebanon Ceasefire, Frustrating Recent Gas Purchasers
Oil prices dropped significantly on Friday following a ceasefire between Israel and Lebanon, causing frustration for Americans who had recen
The Onion·2mo ago
Trump Threatens Airstrikes Against U.S. Gas Stations Over Fuel Prices
President Donald Trump threatened to launch airstrikes against U.S. gas stations if they did not lower their prices, claiming they were over
The Onion·3mo ago
Oil and Gas Prices Surge, Stock Markets Decline After Iranian Strikes Hit Middle East Energy Infrastructure
Oil and gas prices surged and global stock markets declined after Iranian strikes hit key energy infrastructure in the Middle East, includin
bbc.com·3mo agoComments
Sign in to join the conversation.
No comments yet. Be the first.