Chris Wright says he cannot predict energy prices or offer affordability plan
Updated
Updated · Mother Jones · May 10
Chris Wright says he cannot predict energy prices or offer affordability plan
4 articles · Updated · Mother Jones · May 10
On NBC's Meet the Press, the US energy secretary declined to say whether petrol could hit $5 a gallon as regular US gasoline has risen more than 40 cents since April.
Wright retreated from earlier forecasts that prices would fall below $3 before summer, saying fuel costs will stay elevated while regional conflict disrupts oil and diesel markets.
The remarks come as US-Iran ceasefire talks stall and shipping through the Strait of Hormuz remains uncertain, threatening prolonged pressure on energy supplies and consumer costs.
Beyond the pump, how is the Iran war set to increase your future grocery and airline ticket costs?
As gas prices strain budgets, are lower-income American households quickly approaching a financial breaking point?
Could a naval-escorted corridor in the Strait of Hormuz be the key to ending the global energy crisis?