Chevron’s profit nearly quadrupled. Drivers are paying for it at $4 a gallon

Chevron's profits nearly quadrupled to $12.07 billion in the second quarter, while U.S.-Iran tensions disrupted oil shipments through the Strait of Hormuz, causing global fuel price spikes and shortages. Exxon Mobil also doubled its profits to $14.53 billion during the same period as Brent crude prices surged to over $100 a barrel.