White House bets on summer gas-price dip amid volatility
TL;DR Summary
Treasury Secretary Scott Bessent says gas prices could reach about $3 per gallon this summer (roughly between June 20 and Sept 20), with Energy Secretary Chris Wright echoing the likelihood of relief. The spike is tied to Iran-related conflict and Strait of Hormuz disruptions, and the exact timing depends on ongoing negotiations with Iran; officials frame the volatility as temporary progress toward longer-term goals.
- White House assures voters gas prices will go down in summer despite ‘short-term volatility’ Politico
- Fox Reporter Corners Trump Stooge on Shifting Price Promises The Daily Beast
- Treasury Sec. eyes $3 gas The Hill
- Trump borrows a page from Biden on bringing down gas prices qz.com
- Bessent warns gas stations that Treasury Dept will keep them 'honest' after spike in prices Fox Business
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