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Chris Wright Declines to Predict Gas Prices in CNN Interview
Wright said the Trump administration expects production gains to push prices lower, but he declined to say when drivers will see relief.
- On Sunday, Energy Secretary Chris Wright declined to offer a firm gasoline price forecast during a CNN appearance. He instead referenced futures markets suggesting potential relief, despite record-high pump prices over the Labor Day weekend.
- Hostilities in the Strait of Hormuz have disrupted shipping and killed over a dozen civilians, while damage to Russian refineries has limited global supply. These factors have strained energy markets since the conflict began in February.
- In March, Wright told CNN's Jake Tapper that gas prices might remain above $3 until 2027. These projections drew criticism from President Donald Trump, who later publicly stated, "I think he's wrong on that," adding friction to administration messaging.
- According to the American Automobile Association , U.S. regular gasoline averaged $4.15 per gallon this Sunday. Global crude benchmarks closed above $96 per barrel on Friday, Sept 4, 2026, representing potential upside risks that may offset anticipated price declines.
- Wright suggests costs will likely decrease after the summer driving season ends following Labor Day on Sept 7, 2026, as gasoline futures for delivery two months ahead are trading $0.30 lower than current levels.
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Fuel prices at record Labor Day high in US thanks to Iran War and refinery issues - Regional Media News
It's never been more expensive in the U.S. to fill up the tank and take one last summer trip over the Labor Day weekend. The average price of regular gas was $4.14 a gallon heading into the holiday, nearly a dollar higher than last year [...]
Fuel prices at record Labor Day high in US thanks to Iran War and refi
It’s never been more expensive in the U.S. to fill up the tank and take one last summer trip over the Labor Day weekend. The average price of regular gas was $4.14 a gallon heading into the
·Baltimore, United States
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Coverage Details
Total News Sources59
Leaning Left18Leaning Right2Center27Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 38%
C 58%
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