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Fortune
Fortune
Jacqueline Munis

U.S. Energy Sec says gas prices have likely peaked, but won't go below $3 until 2027. Trump says he’s ‘totally wrong’ about the timeline

A Shell gas station (Credit: Camden Hall—NurPhoto via Getty Images)

After U.S. gas prices soared to over $4 a gallon this month, Americans are cautiously exhaling a long-held breath that they’ve been holding for weeks since the Iran war began.  

But Energy Secretary Chris Wright says it may be quite some time before Americans see any price reduction at the gas pump.

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