Venezuelan oil imports helping ease US fuel prices amid Iran war - Chevron

Chevron said on Tuesday increased imports of Venezuelan crude are helping ease fuel prices for US consumers as the war with Iran tightens global supply, CBS News reported.

Andrew Walz, the company’s head of global refining, said Chevron is running its Mississippi refinery at full capacity to process the crude and boost output.

“This ship is lowering prices in America because we have access to a new supply point that we didn't have previously,” he said.