Energy Secretary Chris Wright discusses the potential impact of military action in Iran on gas prices, predicting a temporary increase lasting for weeks. He contrasts the Trump administration's efforts to lower energy prices with the Biden administration's approach. The discussion also touches on the current state of gas prices and President Trump's stance on potential increases.
On Sunday, on CNN’s “State of the Union,” Energy Secretary Chris Wright said the military action in Iran will increase gas prices for “weeks,” not months. Host Jake Tapper said, “Let’s talk about gas prices here at home.
The head of GasBuddy’s petroleum analysis told me a few days ago that two of the 10 largest single-day price increases in history happened this week. The price of oil jumped 36 percent, the largest one-week spike since 1983. President Trump told Reuters about gas prices, ‘If they rise, they rise.’ Is that really the message of the Trump administration to consumers, who are already struggling?” Wright said, “The Trump administration has been all in on lowering energy prices, and I would say quite successfully. We have seen a dramatic decline in gasoline prices, in diesel prices. Soon, you will see it in electricity prices as well. So the Trump administration, in stark contrast to the Biden administration, his goal has been to lower energy prices, the Biden administration quite successful in raising energy prices. Gasoline today is still $1.50 a gallon cheaper than it was in the middle of the Biden administration. But you’re right. We want it back below $3 a gallon. And it will be again before too long.”Wright said, “Look, you never know exactly the time frame of this, but, in the worst case, this is a weeks’ thing, this is not a months’ thing.”Country Singer Maren Morris Attacks Trump Supporters in Unhinged RantReport: Trump Weighing Special Ops Raid to Secure Iran’s Nuclear StockpileSeventh U.S. Service Member Killed During Iran ConflictWarner: Trump ‘Has Not Made the Case’ Iran Was Imminent ThreatExclusive: Film Studio Executive Ryan Millsap Launches Georgia Congressional Bid After Antifa Occupied His LandPresident Trump Vows Not to Sign Any Bills Until Lawmakers Pass the Save America Act: ‘Do Not Fail!’ ‘Just Make F*cking Drones:’ Leftist Streamer Hasan Piker Gives Advice to Suicide Bombers in His Audience Country Singer Maren Morris Attacks Trump Supporters in Unhinged Rant: ‘Dementia-Ridden, Bankrupt to F**k’
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