Energy Secretary Chris Wright said in a new interview that gas prices may not drop below $3 per gallon until next year, as Americans head into the summer travel season clouded by energy price spikes.
When asked by CNN’s Jake Tapper on “State of the Union” if it’s “realistic” for Americans to expect gas prices to drop below $3, Wright on April 19 initially said, “I don’t know."
"That could happen later this year,” he said. “That might not happen until next year. But prices have likely peaked, and they'll start going down, certainty with a resolution of this conflict."
Wright later in the interview called prices under $3 per gallon "pretty tremendous, in inflation-adjusted terms."
"We had that in the Trump administration, but we hadn’t seen that in inflation-adjusted terms for quite a long time," Wright said of the $3 goal. "We'll get back there, for sure.”
