Chevron Corp. CFO Eimear Bonner said on Thursday that major oil companies are “doing everything [they] can” to bring gasoline prices down as tanker traffic through the Strait of Hormuz continues to normalize. However, she told CNBC that “it’s going to take time,” pointing to a lag between a drop in oil prices and gas prices at the pump. “We’ve optimized through the conflict and continue to optimize the levers that we have to deliver the energy the world needs and to deliver products to consumers,” she said. Yesterday, United States President Donald Trump warned that oil majors will be in “big trouble” if they engage in price gouging.