Trump Administration's Energy Secretary Predicts Gas Prices May Not Fall Below $3 Until 2027
Chris Wright, the energy secretary under President Trump's administration, stated that U.S. gas prices might not drop below $3 per gallon until 2027. This comes amid soaring gas prices, which have reached an average of $4 per gallon. The increase is attributed to geopolitical tensions, specifically the conflict involving the U.S., Israel, and Iran, which led to the closure of the Strait of Hormuz, a critical passage for global oil supply. Wright's comments were made during an interview with CNN's Jake Tapper, where he expressed uncertainty about when prices might decrease, suggesting it could happen later this year or next. Previously, Wright had indicated a possibility of prices dropping below $3 by summer, but his recent statements reflect a more cautious outlook. 
