Chris Wright Declines to Predict Gas Prices in CNN Interview
Wright declined to forecast pump prices on CNN and said gasoline may not fall below $3 until 2027, as the national average hit $4.15, AAA said.
- This Labor Day Weekend, Energy Secretary Chris Wright declined to provide a gas price forecast on CNN, despite host Dana Bash pressing him on record-high fuel costs.
- The administration faces intense pressure to stabilize fuel prices ahead of the midterms, as the United States remains engaged in a 47 year conflict with Iran that continues to threaten global economic stability.
- AAA reports the national average gas price in the United States is $4.147 per gallon, a record high, while more than a dozen civilians have died in attacks in the Strait of Hormuz.
- When pressed by Bash regarding shipping safety, Wright avoided giving guarantees, emphasizing instead that gasoline production is expected to rise while demand decreases, suggesting prices might eventually decline.
- Wright, who previously told CNN host Jake Tapper that prices would remain above $3 for "weeks," now says he "didn't want to have an opinion" on future costs, despite futures markets indicating a decrease of more than 30 cents.
17 Articles
17 Articles
Trump’s Energy Boss Wavers On Gasoline Price Path
“Energy Secretary Chris Wright on Sunday cautiously predicted gasoline price relief is on the way, but stopped short of firm or precise pledges,” Axios reports. “Pump prices are at their highest Labor Day weekend levels on record, and the midterms loom less than two months away.”
Trump's energy boss wavers on gasoline price path
Energy Secretary Chris Wright on Sunday cautiously predicted gasoline price relief is on the way, but stopped short of firm or precise pledges.Why it matters: Pump prices are at their highest Labor Day weekend levels on record, and the midterms loom less than two months away.His appearances on Sunday political shows also comes as diesel prices, which ripple through the economy, are at all-time highs."I think prices headed downward is — is not an…
The Independent
The Independent (US)Trump’s Energy secretary embarrassingly says he no opinion on future of gas prices
Donald Trump’s energy chief hesitated to say whether gas prices would go up or down, with the midterms only two months away.Then, he cautiously said he thought they would go down, after saying that he “didn’t want to have an opinion” on whether the national average fuel price would continue to hover around $4 a gallon for the fall.
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