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

NPR | By Willa Rubin

Published August 31, 2026 at 3:15 PM CDT

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.?

Willa Rubin

Willa Rubin covers energy for the NPR Business Desk.

Public media depends on you.

Your support keeps Prairie Public strong and independent, serving communities across our region with programs that educate, involve, and inspire.

Donate