Trump's energy chief: "No guarantees" gas prices will fall in weeks

Energy Secretary Chris Wright said Sunday there are "no guarantees" when gas prices will fall, acknowledging the Strait of Hormuz remains unsafe amid ongoing military operations against Iran. National average gas prices hit $3.699 Sunday, up from $2.927 a month ago, while the Energy Information Administration forecasts gas won't return to pre-conflict levels before the end of 2027. Wright defended the Trump administration's military operation, saying he hopes prices don't reach the $5-a-gallon peak hit under Biden but argued any increase would be "for something that's going to change the geopolitical situation in the world forever." Trump announced Saturday that "Many Countries" would send "War Ships" to the Strait, with U.S. Ambassador to the UN Mike Waltz saying the U.S. would "demand their participation to help their own economies." The conflict has created a political liability for the administration as officials maintain the pump price shock will be short-lived despite their own department's forecast showing otherwise.