Trump energy secretary says gas prices might not drop back under $3 a gallon until 2027
Summary
Chris Wright, President Trump’s energy secretary, said on Sunday that U.S. gas prices might not drop below $3 a gallon until 2027. He noted that prices have likely peaked and could start falling, especially if the war involving Iran ends, but he did not give a clear timeline.Key Facts
- Chris Wright is President Trump’s energy secretary.
- He said gas prices may not go under $3 a gallon until 2027.
- Prices were near $3 per gallon before the Iran war but rose to about $4 after the war began.
- Wright said prices have probably peaked and could fall once the war ends.
- President Trump promised during his 2024 campaign to lower gas prices below $2 a gallon.
- The war started when the U.S. and Israel launched attacks on Iran in late February 2024.
- About two-thirds of Americans disapprove of how President Trump is handling the Iran war and inflation.
- Wright had earlier expected gas prices to fall below $3 more quickly but recently gave a more cautious view.
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