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Tue, 07 Apr 2026

Tue, 07 Apr 2026 The US refinery now processing Venezuelan oil

Chevron is now importing 250,000 barrels of crude per day from Venezuela.

* Chevron imports 250,000 barrels of Venezuelan crude oil per day on average.
* This number could increase by another 50% to around 350,000-400,000 barrels per day.
* The US currently imports very little oil from the Middle East (around 8% in 2025).
* The increased imports from Venezuela should lead to cheaper gasoline prices for US drivers.
* However, despite being surrounded by the US's vast oil reserves, gas prices at a local Chevron fuel station continue to increase.
* Some consumers are still experiencing high prices and are reducing their driving habits as a result.