00:00It's Benzinga, bringing Wall Street to Main Street!
00:02Chevron
00:03CFO Aymir Bonner told CNBC on Thursday that U.S. gasoline prices are expected to fall
00:10as the Middle East situation continues to normalize.
00:13Her comments came after President Trump ordered the Department of Justice to investigate big oil
00:18and accused energy companies of failing to lower pump prices in line with the decline in crude.
00:23Bonner said Chevron and other majors are concerned about consumer prices,
00:26but there is a lag between lower oil prices and lower gasoline prices.
00:31She said Chevron is growing production by 7% to 10% this year and has optimized operations through the
00:37conflict.
00:38Brent crude fell 1.3% to $72.75, while West Texas Intermediate dropped 1.1% to $69.60.
00:47For all things money, visit Benzinga.com.
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