Energy Secretary Predicts Gas Prices Will 'Probably' Go Down Someday Soon
KEY POINTS
- •Energy Secretary Chris Wright appeared Sunday on CBS, CNN, and ABC to talk gasoline prices and demand.
- •Wright highlighted that gasoline production will soon rise while demand drops after Labor Day’s end of summer driving season.
- •Despite hopeful predictions, crude oil is near $96 a barrel amid ongoing Iranian conflicts raising price uncertainty.
Energy Secretary Chris Wright tapped into his inner weather forecaster this Sunday on CBS, CNN, and ABC, cautiously tossing out that gasoline prices—currently a juicy $4.15 per gallon on Labor Day weekend, the highest on record—are 'more likely to go down than up' thanks to post-summer demand dips and relaxed environmental rules. He also advised trusting volatile futures markets over his own timid predictions while diesel prices hit all-time highs, crude oil flirts with $96 a barrel, and fresh weekend Iranian skirmishes threaten new spikes. Kind of like saying 'It’s probably going to rain, but don’t flood your basement yet.'
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(1 of 3)Energy Secretary says gas prices might drop. Meanwhile, prices laughed, waved, and booked a one-way ticket to 'probably not.'
Chris Wright predicts gas prices will drop, loosely based on hope, summer fading, and ignoring Iran drama—just business as usual.
Gas is $4.15, diesel’s record-breaking, but hey, trust this guy who just told us futures markets know better than him.
Source: Axios | Published: 9/6/2026 | Author: Ben Geman
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