Bessent ‘optimistic’ that gasoline prices going back to $3 a gallon this summer

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Treasury Secretary Scott Bessent told reporters that he believes gasoline prices will be closer to $3 gallon this summer, saying pumping oil can resume within a week of the Strait of Hormuz opening.

“I’m optimistic that sometime between June 20th and September 20th that we can have $3 gas again,” said Bessent.

Gas prices are averaging $4.11 a gallon, up from $3.17 a year ago, according to AAA,

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