Chris Wright doesn’t rule out $5 gas as Iran war strains global fuel supply

Published May 10, 2026 11:38am ET



Energy Secretary Chris Wright did not rule out the possibility of gas reaching over $5 per gallon due to the Iran war, saying he is “avoiding price predictions.”

This past week, Wall Street raised concerns about the possibility of gas prices topping $5 per regular gallon, with JP Morgan Chase Co. analysts warning that marker “can no longer be dismissed.” On Meet the Press on Sunday morning, NBC’s Kristen Welker pressed Wright on whether or not he thought Americans should expect $5 per gallon regular gas prices in the near future.

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