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Wright: Gas Prices Dropping Below $3 ‘Might Not Happen Until Next Year’
- On Sunday, Energy Secretary Chris Wright predicted U.S. gas prices may remain above $3 per gallon until next year, citing ongoing disruption from the Iran conflict and Strait of Hormuz closure.
- Since the war began Feb. 28, gas prices soared to about $4.04 per gallon on average according to AAA, as Tehran's closure of the Strait of Hormuz disrupted global energy supply.
- Wright told host Jake Tapper on CNN's "State of the Union" that prices "could happen later this year, that might not happen until next year. But prices have likely peaked, and they'll start going down."
- President Donald Trump accused Iran of violating a 10-day ceasefire agreed Thursday, citing weekend attacks on ships in the Strait of Hormuz and threatening severe retaliation.
- U.S. envoys are set to meet Iranian counterparts Monday in Islamabad, Pakistan for talks aimed at ending the war, though the Islamic Revolutionary Guard Corps reasserted control over the waterway Saturday citing U.S. naval blockade.
Insights by Ground AI
23 Articles
23 Articles
US President Donald Trump said that fuel prices “may stay the same or maybe go up a little bit” until the US midterm elections in November.
Coverage Details
Total News Sources23
Leaning Left5Leaning Right3Center12Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 25%
C 60%
15%
Factuality
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