Chris Wright clarifies prediction that gas prices peaked as Iran war rages on

Published May 15, 2026 4:25pm ET



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. 

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