economy
Chevron executive Andy Walz suggests Americans should drive less amid high gas prices
April 14, 2026 / 7:45 PM EDT / CBS News
TL;DR
- Chevron executive Andy Walz suggests driving less and conserving energy to combat high gas prices.
- Global oil prices have surged due to the war with Iran and reduced traffic in the Strait of Hormuz.
- Walz noted that the U.S. is somewhat buffered by local production, but prices could worsen if the situation persists.
- He expressed concern over potential supply chain issues for countries heavily reliant on Middle Eastern crude.
- The Strait of Hormuz handles approximately 20% of the world's oil and gas supply.