
EXCLUSIVE — Energy Secretary Chris Wright is staying away from predicting when gasoline prices will fall as the Strait of Hormuz remains closed, walking back his previous thought that the United States had seen peak prices at the pump.
Towards the end of April, Wright told lawmakers on the Senate Energy and Natural Resources Committee that while he does not know the future of gasoline and energy prices, he believed that it appeared gas prices peaked just a few days prior.
“Often I will speculate or look at those things,” Wright said in his testimony. “I would say gasoline prices look like they peaked about a week or so ago.”
At the time, the national average price of gasoline was $4.02 a gallon. As of Friday, the national average has jumped to more than $4.52 a gallon.
When asked if he still stood by that remark during a phone interview with the
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