Al Jazeera·3 min read·medium
Petrol prices strain US households as oil giants Chevron, Exxon profits soar
A
Andy Hirschfeld
✦AI Summary
US President Donald Trump has publicly criticized major oil companies like Chevron and ExxonMobil for record profits while American households struggle with high fuel costs. The tension is exacerbated by geopolitical instability in the Strait of Hormuz, which has kept global oil prices elevated.
Low-income US households are hit hardest, spending more than 10 percent of monthly income on petrol as prices rise.
economypoliticsbusiness
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