Energy Secretary Says Gas Prices May Stay High

“Secretary of Energy Chris Wright said on Sunday that gasoline prices in the United States had probably peaked but acknowledged that they could remain elevated for months, undermining President Trump’s earlier claim that high fuel prices would be ‘short-term,'” the New York Times reports.

“Mr. Wright had said in early March that the average gas price in the United States would fall below $3 a gallon within ‘weeks’ after President Trump and Israel initiated airstrikes against Iran in late February. But on Sunday, Mr. Wright appeared to backtrack in an appearance on the CNN program State of the Union after the host, Jake Tapper, asked him when it would be ‘realistic’ for Americans to see $3 per gallon prices at the pump.”