Trump Team Softens Gas-Price Forecasts as Iran War Prolongs Energy Turbulence
TL;DR Summary
Trump administration officials backed away from firm timelines for when gasoline prices will fall due to the Iran conflict, saying relief depends on how long the war lasts. Treasury Secretary Scott Bessent and Energy Secretary Chris Wright offered cautious, non-guaranteed projections as pump prices hover above $4 a gallon and market volatility persists, with Republicans urging not to overstate timing.
Topics:business#energy-prices#gasoline-prices#iran-conflict#politics#senate-hearing#trump-administration
- Trump team backs away from gasoline price promises Politico
- Trump says Energy secretary ‘totally wrong’ on gas prices not dropping to $3 until next year The Hill
- Trump team’s gas prices rhetoric has become a fiasco CNN
- Energy Secretary Says Gas Prices May Stay Above $3 Until 2027 The New York Times
- Gas prices could stay above $3 for a year. These SC programs will cut your cost at the pump. Post and Courier
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