Trump's Energy Chief Predicts Costly Gas Until 2027

Former Trump energy secretary Chris Wright acknowledged that it might not be until 2027 before US gas prices come back under $3 a gallon. Speaking on CNN's State of the Union, Wright was asked by host Jake Tapper when he thought it's realistic for Americans to expect gas to go back under $3 per gallon.

Wright replied, "I don't know. That could happen later this year. That might not happen until next year." This somber prediction comes as the average price of gas in the US has soared past $4 a gallon.

Wright served as energy secretary under the Trump administration, which prioritized domestic energy production and reducing reliance on foreign oil. However, the global energy market has been upended by factors like the war in Ukraine, supply chain disruptions, and the ongoing recovery from the COVID-19 pandemic.

Despite the Trump administration's efforts, gas prices have remained stubbornly high, putting a strain on American households and the broader economy. Wright's comments suggest that even with a change in political leadership, the challenges facing the energy sector may persist for several more years.

The Biden administration has taken steps to address high gas prices, including releasing oil from the Strategic Petroleum Reserve and calling on domestic producers to ramp up production. However, these measures have had limited impact so far, and long-term solutions to the global energy crisis remain elusive.

Ultimately, Wright's prediction highlights the complex and interconnected nature of the energy market, where geopolitical tensions, supply chain issues, and pandemic-related disruptions can have significant and long-lasting effects on consumer prices. As policymakers and industry leaders continue to grapple with these challenges, American drivers may have to brace for several more years of high gas prices.