Gas Prices May Stay High Until 2027

During a televised interview, Secretary Wright acknowledged the severe impact of the Iran war on global oil shipments and domestic fuel costs.

With regular gasoline currently averaging over $4 per gallon and diesel exceeding $5.60, the administration is facing increasing pressure from farmers and commuters.

Wright noted that while prices may have peaked, the safety of the Strait of Hormuz remains a critical factor in any potential decline.

The prolonged timeline for relief suggests that high energy costs will remain a central issue for voters through the 2026 midterm election cycle.