Chevron executive Andy Walz suggested Americans could save money by driving less and trying to conserve energy. "People should try to drive less. They should try to conserve energy," Walz told CBS News when asked how Americans could try saving money at the pump. "We should be doing that all the time. Energy's essential for people's lives, but we should conserve it."
Since the start of the war, ship traffic in the Strait of Hormuz, which carries roughly 20% of the world's oil and gas supply, has been affected, resulting in a skyrocketing of fuel price. Brent crude, the international benchmark, has spiked, hovering around $100 a barrel in recent weeks.
