Energy Secretary: $3 Gasoline May Not Return Until 2027

U.S. Energy Secretary Chris Wright escalated warnings on CNN, stating gasoline prices may not drop below $3 per gallon until 2027 amid U.S.-Iran tensions. Earlier today, he noted prices have likely peaked but could linger above $3 until next year, contrasting Treasury Secretary Scott Bessent's summer-drop forecast. National average stands at $4.05/gal per AAA, up from $3.16 a year ago, signaling sustained crude demand and potential oil price support unless geopolitical relief emerges.