Energy Secretary Chris Wright said it could take months to lower gas prices and acknowledged that prices may go up further before falling.
The secretary’s comments came just one day after President Donald Trump said gas prices could go a “little bit higher” before the midterm elections, a pivot from the administration’s previous messaging that prices at the pump would fall in just a matter of weeks.
Wright himself previously predicted that gasoline could fall below $3 per gallon by the summer.
The secretary appeared to walk back that assessment Monday at the Semafor World Economy Summit, saying, “Well, by the summer is an aggressive time frame.”
As of Monday, the nationwide average price of gasoline was $4.125 per gallon, according to AAA, up from $2.98 before the war began in late February.
Wright defended the high prices, saying that the Trump administration was always aware that a disruption of energy flows
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