\n<\/p>\n
Chris Wright, the Trump administration\u2019s energy secretary, acknowledged Sunday that it might not be until 2027 before US gas prices come back under $3 a gallon.<\/p>\n
Asked by Jake Tapper, the CNN State of the Union host, when he thought \u201cit\u2019s realistic for Americans to expect the gas will go back to under $3 a gallon\u201d, Wright replied: \u201cI don\u2019t know. That could happen later this year. That might not happen until next year.\u201d<\/p>\n
Wright then maintained, without elaborating that \u201cprices have likely peaked and they will start going down\u201d. He said a conclusion to the war in Iran that the US started alongside Israel in late February would see energy prices \u201cgo down\u201d.<\/p>\n
Tapper pressed Wright on whether it might be 2027 before gasoline prices drop under $3 a gallon, the level they were at in December, as the Trump administration touted.<\/p>\n
Wright seemingly deflected, saying: \u201cUnder $3 a gallon is pretty tremendous in an inflation-adjusted terms. We had that in the Trump administration, but we hadn\u2019t seen that in inflation-adjusted terms for quite a long time. We will get back there, for sure.\u201d<\/p>\n
Donald Trump campaigned aggressively on promises to lower gasoline prices as he successfully ran for a second presidency in November 2024. He even promised to lower gasoline prices below $2 a gallon.<\/p>\n
\u201cEnergy is going to bring us back,\u201d he said in a September 2024 campaign speech. \u201cThat means we\u2019re going down and getting gasoline below $2 a gallon, bring down the price of everything from electricity rates to groceries, air fares, and housing costs.\u201d<\/p>\n
US gasoline prices soared after Iran responded to attacks by the US and Israel by twice closing the strait of Hormuz \u2013 through which a significant portion of the world\u2019s petroleum and oil supply transits.<\/p>\n
They were at $2.98 a gallon on average in the days before the start of the Iran war and climbed to $3.98 a gallon on average in late March.<\/p>\n
US gasoline price averages stabilized at more than $4 a gallon in April, and the war has been expected to lead to higher costs of other goods and services.<\/p>\n
An NBC poll on Sunday of more than 32,000 adults estimated 67% and 68% of the public \u201csomewhat\u201d or \u201cstrongly\u201d disapproved of the way Trump was handling the war in Iran as well as \u201cinflation and the cost of living\u201d domestically.<\/p>\n
Wright\u2019s comments on Sunday shifted from positions he had taken in earlier interviews.<\/p>\n
During a 15 March conversation with NBC\u2019s Meet the Press, Wright was asked if gasoline prices in the US would drop under $3 a gallon by the summer \u2013 and he replied there was \u201ca very good chance that\u2019ll be true\u201d.<\/p>\n
Wright also told Tapper on 8 March about surging gasoline prices: \u201cIn the worst case, this is a weeks \u2013 this is not a months thing.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Chris Wright, the Trump administration\u2019s energy secretary, acknowledged Sunday that it might not be until 2027 before US gas prices come back under $3 a gallon. Asked by Jake Tapper, the CNN State of the Union host, when he thought \u201cit\u2019s realistic for Americans to expect the gas will go back to under $3 a<\/p>\n","protected":false},"author":1,"featured_media":48560,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[794,4136,611,24056,867,269,2412,81],"class_list":{"0":"post-48559","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-administration","9":"tag-drop","10":"tag-energy","11":"tag-gallon","12":"tag-gas","13":"tag-prices","14":"tag-secretary","15":"tag-trump"},"_links":{"self":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/48559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48559"}],"version-history":[{"count":0,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/48559\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/media\/48560"}],"wp:attachment":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}