Trump says energy secretary “totally wrong” that gas prices may not dip below $3 this year
President Trump told The Hill on Monday that his energy secretary, Chris Wright, is “totally wrong” that gas prices in the U.S. may not dip below $3 this year.
On Sunday, CNN asked Wright when it would be realistic for Americans to expect gas to dip back below the $3 mark, where it was before the U.S. and Israel launched their joint war with Iran.
“I don’t know. That could happen later this year. That might not happen until next year,” Wright told CNN. “But prices have likely peaked, and they’ll start going down.”
He said under $3 “is pretty tremendous in inflation-adjusted terms,” but added, “we’ll get back there, for sure.”
On Monday, however, the president took issue with Wright’s caution, insisting gas prices would drop “as soon” as the war ends.
“I think he’s wrong on that,” Mr. Trump told The Hill. “Totally wrong.”
The U.S. Energy Information Administration, as of earlier this month, said it expects gas and diesel prices to remain higher than previously projected into 2027. In January, before the war began, the EIA anticipated national gas prices to average $2.95 per gallon in 2027. Now, it projects retail gas prices will be $3.46 per gallon, on average, in 2027.
