"Chris Wright stated that gas prices might not return to under $3 a gallon until 2027, suggesting that prices have likely peaked and will start to decline."
"Wright mentioned that a conclusion to the war in Iran would lead to a decrease in energy prices, indicating a potential stabilization in gas costs."
"Donald Trump campaigned on promises to lower gasoline prices below $2 a gallon, emphasizing that energy would drive down costs across various sectors."
"US gasoline prices rose significantly after the Iran conflict began, with averages climbing from $2.98 to over $4 a gallon in a short period."
Chris Wright, the energy secretary, indicated that US gas prices might not return to under $3 a gallon until 2027. He suggested that prices have likely peaked and will begin to decline, particularly if the war in Iran concludes. Wright noted that while prices were under $3 during the Trump administration, they hadn't been at that level in inflation-adjusted terms for a long time. Donald Trump has campaigned on promises to lower gasoline prices significantly, aiming for prices below $2 a gallon.
Read at www.theguardian.com
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