Bessent: ‘Help is on the way’ on gas prices
Summary
Treasury Secretary Scott Bessent said that steps to reduce gas prices are beginning and that relief should come soon. Gas prices in the U.S. have been rising, with regular gasoline nearing $4.50 per gallon.Key Facts
- Gas prices in the U.S. are close to $4.50 per gallon.
- Treasury Secretary Scott Bessent announced that help to lower gas prices is starting now.
- The government expects the market to respond and bring prices down.
- The current increase in gas prices is linked to ongoing conflicts affecting supply.
- The announcement was made publicly on a Monday.
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