President Donald Trump publicly contradicted Energy Secretary Chris Wright’s assessment that gas prices will remain elevated through next year, dismissing it as “totally wrong.”
Wright told CNN’s Jake Tapper on Sunday that prices have “likely peaked” but cautioned the decline might not occur until next year.
Wright attempted to frame the forecast positively by referencing Trump’s first-term record, noting sub-$3 gas prices achieved in inflation-adjusted terms. Yet Trump flatly rejected Wright’s timeline on Monday morning, offering no alternative prediction beyond stating, prices will fall after the Iran war and the Strait of Hormuz blockade come to an end.
Current market conditions contradict both officials’ optimism.
According to AAA data, average U.S. gas prices stood at $4.00 per gallon Monday morning, well above Wright’s referenced $3 threshold and far from the sub-$3 pricing either official promised.
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