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Wright on Gas Prices: ‘I Can’t Make Any Predictions’

Energy Secretary Chris Wright reversed earlier forecasts and cannot predict when gas prices will fall, shrugging at the possibility of $5 a gallon amid geopolitical tensions.

  • On Sunday, Energy Secretary Chris Wright appeared on Meet the Press and declined to rule out gas prices hitting $5 per gallon, marking a sharp reversal from his earlier forecasts amid the Iran conflict.
  • Gas prices surged 50% since the conflict began, with the national average reaching $4.52 per gallon on Sunday as Iran's blockade of the Strait of Hormuz disrupts global energy supplies.
  • Wright previously told CNN in March that it was "very possible" prices would drop below $3 per gallon, but he admitted in April Americans may not see relief until later this year or next year.
  • President Donald Trump declared Wright's assessment "totally wrong," while Wright stated the administration remains "open to all ideas" to lower costs, including pausing the federal gas tax.
  • Wright argued the United States is "ending a 47-year conflict" with Iran, though he acknowledged energy prices will "remain up while this conflict's in place" before eventually declining.
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Mediaite broke the news in United States on Sunday, May 10, 2026.
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