Summary
Treasury Secretary Scott Bessent said gas prices in the U.S. could go down to around $3 per gallon sometime between June and September. He explained that the price drop depends mainly on how talks with Iran progress amid the current conflict in the Middle East.
Key Facts
- Current U.S. gas prices are above $4 per gallon due to the war in the Middle East.
- Secretary Bessent expressed hope that gas prices will have a "3" in front of them by summer.
- The return to $3 gas depends largely on negotiations with Iran.
- The statement was made during a White House press briefing on Tax Day.
- The situation is still developing, and further updates are expected.
