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Trump's Energy Secretary Continues To Backpedal On His Gas Prices Forecast: 'I Can't Predict' It
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Energy Secretary Chris Wright on Sunday offered a verbal shoulder shrug when “Meet the Press” host Kristen Welker confronted him on whether Americans should prepare to pay $5 a gallon for gas, a stark difference from his earlier forecasts. “Look, again, I can’t predict the price of energy in the short term or even the medium term,” said Wright, who told Welker in mid-March there was a “very good chance” gas prices would drop below $3 a gallon by the summer. He continued on by remarking on President Donald Trump’s Iran war, “But what we’re doing is ending a 47-year conflict...” After Welker noted that he wasn’t ruling out the possibility of people paying $5 a gallon at the pump, Wright claimed he was “just avoiding price predictions.” Gas prices have surged by 50% since Trump launched his unpopular war, with the national average reaching $4.52 a gallon on Sunday, per AAA. The risk of gas prices hitting $5 a gallon, analysts at JPMorgan Chase & Co. noted on Friday, “can no longer be dismissed” as refiners look to prioritize the production of jet fuel. The analysts wrote that the “timing could hardly be worse” with the approaching Memorial Day holiday. WELKER: Should Americans be prepared for the possibility of paying $5 a gallon for gas?CHRIS WRIGHT: Look, I can't predict the price of energy in the short or even medium term, but what we're doing is ending a 47 year conflict pic.twitter.com/fQHxjG6OwD Wright has continued to put mileage on his initial outlook on gas prices as the war drags on. Last month, he suggested to CNN’s Jake Tapper that prices at the pump may not go below $3 a gallon again “until next year.” “Certainly with a resolution of this conflict, energy prices will go down,” he added. Trump later declared that Wright’s assessment was “totally wrong,” telling The Hill’s Julia Manchester that prices would come down “as soon as this ends.” Elsewhere in his interview with Welker, Wright noted that once there’s a “free flow of traffic” through the Strait of Hormuz, energy prices will go down as a result. He said the administration was “open to all ideas” on ways to lower gas prices, including hitting pause on the 18-cent federal gas tax. Critics slammed Wright for suddenly passing on gas price predictions, including one social media user on X who pointed to the energy secretary’s “rosy prediction” on March 8 that they’d be below $3 a gallon “within weeks.” Oh, today Energy Sec’y Wright says he can’t predict gas prices? But he did exactly that on March 8, and it sure was a rosy prediction. BELOW THREE DOLLARS A GALLON “within weeks” even in a “worst case”: pic.twitter.com/Ua05PKtmEE Another variation of “short term pain for long term gain.”Trump started promoting that theme when he started pushing his tariffs. https://t.co/v5M4gqsCtG But you’re not actually ending the 47 year conflict lol https://t.co/6JLvWiKELr They have one strategy: pretend they did something that no admit has ever done in 47 years. You know, just lieThere’s no new regime. No deal. The Strait of Hormuz is closed, after it’s been open for decades. They did not end a 47yr conflict. They just awakened a sleeping giant https://t.co/li8JsWXZ9O Not one word about what they’re actually trying to do to help the American people or the economy. Apparently 47 years of a nonexistent conflict is more important. It's already $4.52. pic.twitter.com/umbfSB5Oi0 I'm nearly at $6 pic.twitter.com/M8zEv2abHH By entering your email and clicking Sign Up, you're agreeing to let us send you customized marketing messages about us and our advertising partners. You are also agreeing to our Terms of Service and Privacy Policy.