Energy chief dodges gas-price forecast as costs stay high amid Middle East tensions

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Source: Yahoo
Energy chief dodges gas-price forecast as costs stay high amid Middle East tensions
Photo: Yahoo
TL;DR

Energy Secretary Chris Wright declined to forecast gas prices amid rising fuel costs and ongoing Iran-related tensions, saying prices will remain high for now even though the U.S. is a leading oil and natural gas producer; he suggested prices could ease once the Strait of Hormuz traffic resumes and indicated support for considering measures like a federal gas tax to help lower pump prices.

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