Bessent suggests US could see $3 gas between June 20 and September 20
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Treasury Secretary Scott Bessent projects Americans could see $3 gas prices between June 20 and September 20.
How This Affects You
You could experience $3 gas prices between June 20 and September 20, potentially increasing your fuel costs during summer travel.
AI Summary
Treasury Secretary Scott Bessent indicated on Wednesday that Americans could experience $3 gas prices between June 20 and September 20. Bessent made the statement at a White House press briefing, linking the potential price increase to ongoing negotiations regarding the Strait of Hormuz. This projection suggests a possible rise in fuel costs for consumers during the summer travel season. The outcome of talks to open Iran's Strait of Hormuz is a key factor influencing this forecast.
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