WASHINGTON – President Donald Trump publicly disagreed Monday with his Energy Secretary’s forecast regarding when Americans might see relief at gas pumps, stating fuel costs will decrease immediately once the Iranian conflict concludes.
Energy Secretary Chris Wright appeared on CNN Sunday, suggesting that while gasoline under $3 per gallon “could happen later this year, that might not happen until next year.”
“I think he’s wrong on that. Totally wrong,” Trump responded to a Hill reporter, insisting prices should decline “as soon as this ends.”
Wright acknowledged during his CNN appearance that “with the resolution of this conflict, you’ll see prices go down,” though the war’s conclusion remains uncertain. A temporary ceasefire is approaching its expiration date, and prospects for successful future negotiations remain questionable.
The disagreement comes as Trump and Republican lawmakers face mounting political pressure before November’s midterm elections, having promised to reduce living costs for Americans. Despite these commitments, fuel expenses continue climbing, inflation persists, and the president’s poll numbers have declined.
AAA reported Monday’s average regular gasoline price at $4.04 per gallon, a significant jump from $3.15 one year earlier. Global oil markets climbed 5% during Monday’s trading.
The ongoing military action, which began February 28 with American and Israeli strikes against Iran, has now lasted two months. Iran responded by blocking the Strait of Hormuz, a crucial maritime shipping route. Trump initially predicted the operation would conclude within four to six weeks.
Elevated fuel costs have created a ripple effect across the economy, driving up prices for airline travel, housing, agricultural fertilizers, and food products nationwide.
While Trump previously acknowledged gas prices might remain elevated through November, he has downplayed public concerns. Treasury Secretary Scott Bessent offered a more optimistic timeline last week, forecasting prices could return to approximately $3 per gallon during summer months.
