U.S. Energy Secretary Predicts Gas Prices May Remain Above $3 Per Gallon Until Next Year Due to Iran Conflict
U.S. Energy Secretary Chris Wright stated that gas prices may not fall below $3 per gallon until next year due to ongoing tensions with Iran and the closure of the Strait of Hormuz. Gas prices have risen to an average of $4.04 per gallon since the war began on February 28, according to AAA.
Topics: energy prices gas prices geopolitical tensions Iran-US conflict Strait of Hormuz