"Energy Secretary Chris Wright stated that gas prices may not dip below $3 per gallon until 2027, but President Trump disagreed, asserting that prices will drop 'as soon' as the Iran war ends."
"Wright mentioned that while gas prices under $3 per gallon are 'pretty tremendous' in inflation-adjusted terms, he is confident they will return during Trump's presidency."
"Treasury Secretary Scott Bessent predicted that gas prices could fall below $4 per gallon soon, expressing optimism that by summer, prices would have a 'three in front of it'."
The Trump administration is determined to lower gas prices to below $3 per gallon, but key officials disagree on the timeline. President Trump refuted Energy Secretary Chris Wright's prediction that prices may not drop until 2027, suggesting they could fall as soon as the Iran war ends. Wright acknowledged that prices have likely peaked and will decrease, but he could not specify when they would reach the $3 mark. Treasury Secretary Scott Bessent expressed optimism for prices to drop below $4 soon, indicating a potential return to lower prices during the summer.
Read at Fast Company
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