Gasoline prices were expected to be the easy part of the oil market cooldown.
With crude prices falling from April highs and moving closer to pre-war levels, consumers expected faster relief at the pump. Instead, gasoline prices have stayed sticky, turning a market move into a political fight.
President Trump accused major oil companies of gouging consumers by failing to lower prices quickly enough.
Chevron (CVX) CFO Eimear Bonner offered a different explanation in a CNBC interview, saying prices should come down as Middle East oil flows normalize.
However, she also made it clear that there isn't a quick fix.