Trending Now - Chevron: Venezuelan Oil Imports Easing U.S. Gas Prices Amid Conflict

WHO:

CBS News - Andrew Walz, Chevron's president of global refining

CBS News - Interim Venezuelan President Delcy Rodriguez

CBS News - Nicolás Maduro, former President of Venezuela

WHAT:

CBS News - Chevron is importing Venezuelan oil to help ease U.S. fuel prices.

CBS News - A tanker carrying 400,000 barrels of Venezuelan crude will supply Chevron's Mississippi refinery for four days.

CBS News - The average price for a gallon of gas in the U.S. is $4.12, up from $2.98 before the Iran war.

CBS News - Chevron plans to expand oil production in Venezuela by 50% over the next few years.

WHERE:

CBS News - Pascagoula, Mississippi, where Chevron's refinery is located.

CBS News - Venezuela, where the oil is being imported from.

WHEN:

CBS News - The Trump administration lifted sanctions on Delcy Rodriguez in April 2026.

CBS News - U.S. forces seized Nicolás Maduro and his wife three months prior to April 2026.

WHY:

CBS News - The war in Iran is constraining global oil supplies and pushing U.S. gasoline prices up.

CBS News - The Trump administration aims to rebuild ties with Venezuela's government and incentivize U.S. investment in its oil sector.

HOW:

CBS News - Chevron is running its Pascagoula refinery around the clock to process Venezuelan crude.

CBS News - Walz stated that access to Venezuelan oil is helping to lower prices in America.

(UPDATED April 14, 2026 23:18 UTC)

Chevron is importing Venezuelan oil to help ease rising fuel prices in the U.S., with a tanker carrying 400,000 barrels of crude set to supply its Pascagoula refinery in Mississippi for four days. The average price for a gallon of gas has climbed to $4.12, a significant increase from $2.98 before the Iran war, prompting the Trump administration to lift sanctions on Venezuelan Interim President Delcy Rodriguez in April 20th26. Chevron plans to boost oil production in Venezuela by 50% over the next few years, as the company operates its refinery around the clock to process the imported crude.