Surging Gas Prices May Persist for Years, Energy Chief Warns
The US Energy Secretary forecasts gas prices could remain above $3 per gallon through 2027 as global markets grapple with supply disruptions and geopolitical tensions.
Gas prices in the United States are expected to stay elevated for the foreseeable future, according to the Energy Secretary. In a stark warning, the top energy official projected that the average price per gallon may remain above $3 through 2027 as global markets continue to face supply challenges and geopolitical uncertainty.
The sharp rise in gas prices over the past year has been a major source of concern for American consumers, with the national average peaking above $5 per gallon in June 2022. While prices have come down somewhat from those record highs, the Energy Secretary emphasized that the underlying factors driving up costs are unlikely to ease anytime soon.
{{IMAGE_PLACEHOLDER}}Source: The New York Times
