economy
Chevron CEO warns gas prices haven't peaked
Chevron CEO Mike Wirth suggested on Sunday that gas prices have not peaked, undercutting some assessments within the Trump administration.
TL;DR
- Chevron CEO Mike Wirth believes gas prices have not peaked.
- The Strait of Hormuz blockade is a key factor in sustained high prices.
- Jet fuel costs are predicted to worsen, affecting air travel.
- Wirth's view contradicts earlier statements from the Trump administration's Energy Secretary.
- Current gas prices are above $4 a gallon, with little expected movement.