Chevron says Venezuelan oil imports are helping curb U.S. gas prices

MoneyWatch Chevron says Venezuelan oil imports are helping curb U.S. gas prices .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Megan Cerullo, Megan Cerullo Reporter, MoneyWatch Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting. Read Full Bio Megan Cerullo, Lilia Luciano Lilia Luciano Anchor and Correspondent, "CBS News 24/7" Lilia Luciano is an award-winning journalist and CBS News 24/7 anchor and correspondent based in New York City. Luciano is the recipient of multiple journalism awards, including a Walter Cronkite Award, a regional Edward R. Murrow Award and five regional Emmys. Read Full Bio Lilia Luciano Updated on: April 14, 2026 / 6:20 PM EDT / CBS News Add CBS News on Google Chevron's stepped-up imports of Venezuelan oil are helping ease fuel prices for U.S. consumers, according to a senior executive with the energy giant.Andrew Walz, Chevron's president of global refining, told CBS News that the company is running its Pascagoula, Mississippi, refinery around the clock to process crude from Venezuela.  Walz said Chevron is moving to curb prices for consumers as the war in Iran constrains global oil supplies and pushes U.S. gasoline prices up to their highest level since 2022. A tanker carrying 400,000 barrels of Venezuelan crude will supply Chevron's Mississippi refinery for four days. The oil imports are helping both "bring revenue to Venezuela, and it's helping Americans," Walz said. "This ship is lowering prices in America because we have access to a new supply point that we didn't have previously," he added. The Trump administration earlier this month lifted sanctions on interim Venezuelan President Delcy Rodriguez as the U.S. seeks to rebuild ties with the country's government. The move came three months...