No Crystal Ball on Gas Prices as Iran Conflict Keeps Markets Watching
TL;DR Summary
Energy Secretary Chris Wright declined to predict gas prices as the Iran conflict keeps prices volatile, saying the U.S. remains the world’s largest producer of oil and natural gas and that natural gas costs haven’t risen; he noted gasoline and diesel will stay high for now but could eventually come down, and suggested considering relief options such as a federal gas tax.
- Chris Wright: ‘I don't know the future of gas prices' Politico
- Energy Secretary Floats Pause in Federal Gas Tax The New York Times
- Energy secretary says Trump administration is open to suspending gas tax amid soaring prices NBC News
- Trump official opens door to gas tax suspension Axios
- Trump energy secretary says administration open to federal gas tax suspension Fox News
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