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Treasury Secretary Bessent says gas prices may stay above $3 until late summer due to Strait of Hormuz instability.
Treasury Secretary Scott Bessent stated gas prices may not fall below $3 per gallon until late summer, citing ongoing instability in the Strait of Hormuz.
Bessent offered no specific date, noting that while prices could drop, gas stations might not lower costs as quickly as crude prices fall.
Energy Secretary Chris Wright acknowledged earlier expectations for price drops were "aggressive," as the national average remains near $4.11.
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El secretario del Tesoro Bessent dice que los precios del gas pueden permanecer por encima de $3 hasta finales del verano debido a la inestabilidad del Estrecho de Ormuz.