economy
Trump energy secretary says gas prices might not drop back under $3 a gallon until 2027
Chris Wright says ‘I don’t know’ when asked about lower cost of gas as average price soars to $4 a gallon in US
TL;DR
- Energy Secretary Chris Wright indicated gas prices may not fall below $3 a gallon until 2027.
- Wright's previous statements suggested prices would drop sooner, even by summer.
- The war in Iran, initiated by the US and Israel, is cited as a cause for increased energy prices.
- Gas prices rose from $2.98 before the war to $3.98 in late March, and over $4 in April.
- Donald Trump had campaigned on promises to lower gas prices significantly.