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Chevron's Andy Walz says Americans should try to drive less and conserve energy.
The U.S. average gas price hit $4.02 per gallon on March 31, 2026, matching highs last seen in 2022.
KEY POINTS
- Chevron is now importing Venezuelan crude oil to its Pascagoula, Mississippi refinery, a new supply source.
- Access to Venezuelan crude is credited by Chevron as helping buffer U.S. gas prices.
- Chevron's refinery is operating 24/7 with Venezuelan crude to potentially lower U.S. fuel prices.
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