Bessent ‘optimistic’ gas prices will fall to $3 a gallon by midsummer

Published April 15, 2026 3:13pm ET | Updated April 15, 2026 4:52pm ET



Treasury Secretary Scott Bessent said Wednesday he was “optimistic” that gasoline prices will fall to around $3 a gallon between late June and late September.

Bessent said recent discussions with Middle Eastern counterparts about the Iran oil crisis left him hopeful that relief could come relatively soon. 

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