Chevron expects US gasoline prices to fall amid Middle East normalization despite Trump criticism.

Chevron CFO Eimear Bonner said U.S. gasoline prices are expected to decline as the Middle East situation stabilizes, despite criticism from President Trump accusing Big Oil of not lowering prices in line with crude oil drops. Trump has ordered a Department of Justice investigation into the matter, demanding prices around $2.25 per gallon. Bonner emphasized that energy majors are working hard to reduce prices but noted there is a lag between crude price changes and pump prices. Chevron plans to grow production by 7-10% this year to help meet demand and ease prices over time.