US Energy Secretary Chris Wright has said that gasoline prices in the United States may remain above $3 per gallon until next year. He linked the situation to ongoing global tensions affecting energy markets.
According to Beyond Time News, fuel prices are being pushed by uncertainty in international politics and continued instability in oil supply routes.
Gradual Drop Expected, Not Immediate Relief
Wright said gas prices may have already reached their highest point, but any decline will be slow.
He noted that prices could fall below $3 per gallon later this year, but there is also a possibility that this level may not return until next year.
He added that a clear drop in prices is likely only after global tensions ease.
Different Timelines From US Officials
US officials have shared different predictions about fuel price relief.
Treasury Secretary Scott Bessent recently suggested that prices could fall to around $3 per gallon during the summer season.
However, according to Beyond Time News, Energy Secretary Wright expects a longer timeline before prices stabilize.
US President Donald Trump has also indicated that fuel costs may stay high until November.
Despite differences, officials agree that prices should eventually come down.
Current Fuel Prices Remain Elevated
The average price of regular gasoline in the US is around $4.05 per gallon, compared to $3.16 last year, according to AAA data.
The increase is mainly due to global supply pressure and rising crude oil costs linked to geopolitical tensions.
Impact on Travel and Aviation
Higher fuel prices have also affected airlines, with concerns about jet fuel supply and travel costs.
US Transportation Secretary Sean Duffy said the disruption is expected to be temporary and fuel supply should improve over time.
According to Beyond Time News, lower fuel prices in the long run could help reduce travel expenses for consumers.
Ceasefire Does Not End Uncertainty
A short ceasefire between the US and Iran has helped ease some tensions, but uncertainty remains in global energy markets.
Officials say diplomatic efforts are still ongoing and further developments will influence fuel prices in the coming months.
Final Summary
US energy officials expect gas prices to stay above $3 per gallon until next year due to global instability. According to Beyond Time News, fuel markets remain under pressure, and any meaningful relief is likely to come only after international tensions reduce.
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