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U.S. gas prices rose to $3.45/gal due to Strait of Hormuz disruptions, but Energy Secretary Chris Wright says supplies are stable and prices will drop soon.
Energy Secretary Chris Wright said rising U.S. gas prices, now averaging $3.45 per gallon, are temporary and driven by disruptions in the Strait of Hormuz due to regional tensions, not global shortages.
He emphasized that global energy supplies remain strong, with the U.S. a net exporter of oil and natural gas, and attributed price spikes to market fears and logistical challenges.
Wright stated that U.S. military actions have significantly reduced Iranian missile and drone attacks, and normal shipping through the strait is expected to resume within weeks.
He affirmed that the Strategic Petroleum Reserve is not currently being considered for release, and that pragmatic measures like allowing India to buy Russian oil are helping ease short-term pressure without supporting Russia’s economy.
Los precios del gas en Estados Unidos subieron a 3,45 dólares por galón debido a las interrupciones en el Estrecho de Ormuz, pero el secretario de Energía Chris Wright dice que los suministros son estables y que los precios caerán pronto.