Exxon, Chevron Warn Fuel Prices to Endure as War Knocks Refining


The trend is evident in the US, where the average price of gasoline has crept up above $4 a gallon to the frustration of drivers and politicians, including President Donald Trump, who has criticized Big Oil in recent weeks for not bringing down costs fast enough. Retail gasoline prices are just 10% below this year’s peak in May, even though West Texas Intermediate is down 26% from its 2026 high. 



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