Trump says Energy secretary 'totally wrong' on gas prices not dropping to $3 until next year

Source: The Hill

04/20/26 8:37 AM ET


President Trump told The Hill on Monday that he disagreed with Energy Secretary Chris Wright’s assessment that gas prices may not drop below $3 per gallon until next year.

“No, I think he’s wrong on that. Totally wrong,” Trump said in a phone interview when asked about his Energy chief’s comments. When asked by The Hill when he believes gas prices will drop, Trump said “as soon as this ends,” referring to the Iran war.

Wright told CNN on Sunday that gas prices might not drop below $3 until next year amid shipping restrictions in the Strait of Hormuz. “I don’t know. That could happen later this year. That might not happen until next year,” Wright said. “But prices have likely peaked and they will start going down,” the secretary added. “Certainly, with a resolution of this conflict, you will see prices go down. Prices across the board on energy prices will go down.”

Wright’s comments were in stark contrast to comments from Treasury Secretary Scott Bessent last week, in which he predicted gas prices could hit the $3 range this summer.

Read more: https://thehill.com/homenews/administration/5839186-trump-disagrees-energy-secretary/