Energy Secretary Guarantees War Will Cause Gas Pain, Maybe Forever
KEY POINTS
- •Energy Secretary Chris Wright said Sunday that there are no guarantees when gas prices will fall amid the Iran war.
- •Trump announced on Truth Social multiple countries would send warships to the Strait of Hormuz to protect global economies.
- •The Energy Information Administration forecast gas prices won’t return to pre-conflict levels before the end of 2027.
Energy Secretary Chris Wright just blessed us Sunday with the priceless news that gas prices may never drop below their post-Hormuz hijinks highs until 2028—because nothing says 'short-term disruption' like a five-year waiting game. Wright, speaking from ABC News' 'This Week,' declared 'no guarantees in wars,' except maybe a $5-a-gallon déjà vu peak, which, spoiler, you might get again. Meanwhile, Trump’s tweeting a naval reunion tour featuring China, France, Japan, and South Korea to gatecrash the Strait of Hormuz like a geopolitical party crasher. And Diane Swonk from KPMG predicts prices falling only slightly, still screaming loudly from a 'higher plateau.' It’s like gas prices went to Hogwarts but chose Slytherin—and Trump’s flexing by 'totally demolishing Kharg Island,' with plans to 'hit it a few more times just for fun.' Because why budget rebuilds when you can budget bonfires?
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(1 of 3)Source: Axios | Published: 3/15/2026 | Author: Avery Lotz