Wright: gas may stay above $3/gallon into 2027
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- Chris Wright told CNN's "State of the Union" that gas may not return below $3 per gallon until 2027, saying "that could happen later this year, that might not happen until next year."
- Gas prices hit a 2026 high of $4.16 per gallon earlier this month and stood at $4.05 as of publication, a spike the article attributes to the Iran war.
- Wright argued prices have "likely peaked" and will decline with a resolution of the conflict, while noting the current peak remains $1 below the Biden-era 2022 high.
- A CBS News/YouGov poll found 51% of adults called gas prices either "difficult" or a "financial hardship" for family finances, one of multiple polls showing consumer concern.
- Wright framed sub-$3 gas as "pretty tremendous" in inflation-adjusted terms and said the Trump administration has successfully managed the historic energy disruption.
Why it matters: With midterms approaching and 51% of adults already calling pump prices a financial hardship, the administration is racing to spin a $4.05 national average as a win — a framing that polls suggest voters are not buying.
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