US Energy Chief Says Gas Prices May Not Drop Until 2027
Energy Secretary Chris Wright says gas prices likely peaked but may stay above three dollars until 2027. This follows a ceasefire between the US and Iran.
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Energy Secretary Chris Wright indicated on Sunday that while gasoline prices in the United States have likely reached their peak, consumers should expect to pay more than $3 per gallon until next year. The surge in fuel costs has been driven largely by the ongoing conflict involving Israel and Iran, which has disrupted global energy markets and impacted benchmarks such as Brent Crude Oil and West Texas Oil.
