US official says gas prices have peaked despite Iran war
WASHINGTON, United States (AFP) — United States (US) Energy Secretary Chris Wright said Tuesday gasoline prices appeared to have peaked after a surge linked to the Iran war — a marked shift in tone a day after President Donald Trump publicly rebuked his earlier, more cautious outlook.
“I don’t know the future of energy prices — often I will speculate or look at those things. I would say, gasoline prices, it looks like they peaked about a week or so ago,” Wright told the Senate Energy and Natural Resources Committee.
He said the high point was US$1 a gallon cheaper than the peak during the administration of Trump’s predecessor Joe Biden, adding: “Yet we’re in the midst of ending a 47-year conflict in the Middle East, a major energy-producing region.”
