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Could the Venezuela oil deal drive down U.S. fuel prices?

NPR | By Willa Rubin
Published August 31, 2026 at 1:15 PM PDT

The Trump administration has announced a deal to acquire 65 billion barrels of oil from Venezuela. How could this affect gasoline prices in the U.S.?

Copyright 2026 NPR
Willa Rubin
Willa Rubin covers energy for the NPR Business Desk.