Trump's energy boss: gas may stay above $3-per-gallon into 2027
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Energy Secretary Chris Wright predicts average US gasoline prices may remain above $3 per gallon until 2027.
How This Affects You
Elevated gasoline prices, currently $4.05 per gallon, could continue to cause financial hardship for many American households.
AI Summary
Energy Secretary Chris Wright stated Sunday that average U.S. gasoline prices may not fall below $3-per-gallon until 2027. Wright, speaking on CNN's "State of the Union," indicated that prices have likely peaked but could remain elevated due to the Iran war. He noted current prices are $4.05 per gallon, down from a peak of $4.16 earlier this month, according to AAA data. This sustained price level could negatively impact Republicans in upcoming midterm elections. A CBS News/YouGov poll revealed 51% of adults find current gasoline prices a financial hardship.
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Trump energy secretary says gas prices might not drop back under $3 a gallon until 2027
This article is part of a story we're tracking:
Trump's Influence on US Politics and Foreign Policy
Former President Donald Trump continues to exert significant influence on US politics, from taunting foreign leaders and shaping primary elections to making controversial statements on immigration and foreign policy, including his stance on the ongoing Iran conflict.
Trump's Influence on US Politics and Elections
Former President Donald Trump continues to exert significant influence over US politics, from taunting political rivals and making policy demands to impacting primary elections and facing legal challenges. His statements and actions are shaping ongoing debates and future electoral contests.
US Political Landscape: Trump's Influence and Key Elections
The US political scene is heavily influenced by former President Donald Trump, who continues to endorse candidates and shape party dynamics. Key primary races and special elections are underway, revealing shifts in voter sentiment and ongoing debates within both major parties.
Trump's Influence on Republican Party and 2024 Elections
Former President Trump continues to exert significant influence over the Republican Party, impacting legislative priorities, endorsements, and internal party dynamics ahead of the 2024 elections. His calls for specific legislation and criticism of GOP members highlight ongoing divisions.
Trump's Influence on Republican Party and 2024 Election
Former President Donald Trump continues to exert significant influence over the Republican Party, impacting legislative efforts, primary challenges, and the national political discourse. His focus on the 2020 election and specific policy stances are shaping the GOP's agenda.
Trump's Influence on Republican Party and 2024 Election
Former President Donald Trump continues to exert significant influence over the Republican Party, endorsing candidates, criticizing opponents, and pushing legislative agendas. His actions are shaping primary races and national policy debates, particularly concerning election integrity and trade.
Trump's Influence on Republican Party and 2024 Election
Donald Trump continues to exert significant influence over the Republican Party, endorsing candidates and criticizing those who oppose him. His focus on the 'SAVE Act' and his stance on mail-in voting are shaping political discourse ahead of the 2024 elections.
Economy & Markets
Monitoring the US and global economy including inflation, employment, Federal Reserve policy, trade tensions, market volatility, housing affordability, and the financial pressures facing American households.
Iran & Middle East Conflict
Tracking the evolving military and diplomatic situation across the Middle East, including US-Iran tensions, Israeli operations, proxy conflicts, and the broader geopolitical implications for the region.
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