Chris Wright, Secretary of Energy, predicts that gasoline prices will fall, but not until 2027
Wright maintained that, although prices have begun to stabilize, uncertainty persists until the conflict in the Middle East is resolved
U.S. Energy Secretary Chris Wright said that gasoline prices in the country may have recently peaked, but warned that they are not expected to fall below $3 per gallon sustainably until 2027, in a context marked by tensions Geopolitics and global energy disruptions.
During an interview on CNN's State of the Union, the official explained that the rise in fuel prices is largely due to the war in Iran and the closure of the strategic Strait of Hormuz, through which approximately 20% of the world's oil passes.
According to data from the American Automobile Association, the national average price of gasoline is around $4 per gallon, a significant increase from the approximately $2.90 recorded before the start of the conflict in late February.
Wright maintained that, although prices have begun to stabilize after reaching a recent peak, uncertainty persists until the conflict in the Middle East is resolved. "Prices have likely peaked and will begin to decline slowly in the coming weeks," he stated.
For now, the prospect of cheaper gasoline in the United States remains tied to geopolitical factors that, according to authorities, could take years to resolve.

