-- US Energy Secretary Chris Wright said in an interview on Sunday that he expects US domestic gas prices to remain above $3 per gallon until next year, amid the ongoing conflict in the Middle East.
Appearing on CNN's "State of the Union" program, Wright said "prices have likely peaked, and they'll start going down," as the conflict begins to subside.
He also added that it could take until the end of this year, or possibly the start of next year, before gasoline prices could head below $3 per gallon again.
Wright said below $3 gasoline would be "pretty tremendous in inflation-adjusted terms," adding that prices are expected to return to that level eventually.
This contrasts with the views of other members of the Trump administration, with Treasury Secretary Scott Bessent predicting a fall in gasoline prices this very summer, according to a Reuters report.
Trump himself has claimed that energy prices might remain elevated through November of this year, owing to the lost productivity and shortages arising from the war.
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