Gas Prices Dip to $4.03 Amid Conflicting Energy Secretary Predictions

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Gas Prices Dip to $4.03 Amid Conflicting Energy Secretary Predictions
Photo: Bloomberg
money· A press review of 4 outlets

  1. Nationally, gas prices are averaging $4.04, according to the latest data from the American Automobile Association. Helayne Seidman for the NY Post

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    ZeroHedge

    As of April 19, the average price for a gallon of regular gas in the U.S. was $4.04, according to data from the American Automobile Association (AAA).

    Common Dreams

    With the national average price for a gallon of gasoline sitting at $4.059 on Friday, a Reuters/Ipsos poll showed that fuel costs "are a very big concern" for 78% of Americans, and 77% blame President Donald Trump for the recent price spikes.

  2. Trump has repeatedly dismissed consumer concerns about fuel costs—but also suggested that his own energy secretary, former fracking executive Chris Wright, was wrong that gas prices may not drop below $3 per gallon until next year. He's also continued a blockade of Iranian ports during the ceasefire and claimed Thursday that the United States has "total control over the Strait of Hormuz. No ship can enter or leave without the approval of the United States Navy. It is 'Sealed up Tight.'"

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    ZeroHedge

    "No, I think he's wrong on that. Totally wrong," Trump said, adding that gas prices will drop "as soon as this ends."

    New York Post Business

    “Certainly, with a resolution of this conflict, you’ll see prices go down.” President Trump has pushed countries that were dependent on oil flow through the Strait of Hormuz to purchase oil from the US as a means of curtailing the energy crisis inflicted on the world.

  3. As AAA explained Thursday: "Drivers are getting a bit of relief at the pump as the national average went down by 6 cents since last week to $4.03. Crude oil prices have come down below $100/barrel, helping drive down the cost of gasoline for consumers. But how long the downward trend will last is uncertain with continued instability along the Strait of Hormuz."

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    ZeroHedge

    As the chart above shows, for pump prices to fall back to $3 a gallon, we would need to see crude oil prices back around $60 a barrel - a long way down given the disruptions from the Iran War are likely to ripple through the supply chain for months.

  4. Wright said a price of $3 per gallon of gas “could happen later this year, [but] that might not happen until next year” in an interview that aired on CNN’s ”State of the Union” program Sunday.

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    Common Dreams

    US Energy Secretary Chris Wright told CNN on Sunday that gas prices might not drop below $3 until next year.

    New York Post Business

    WASHINGTON — Prices at the gas pump likely peaked about a week ago and should start to slowly decline over the coming weeks as the war in Iran comes to a close, Energy Secretary Chris Wright said Sunday.

From the margins

4 details only one outlet reported

Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.

  1. 01 Common Dreams

    "Gas prices are skyrocketing because of Trump's war," said the Democratic House whip. "If just a few Republicans are willing to choose the American people over Trump, we can stop this reckless war today."

  2. 02 Bloomberg

    Australian gasoline prices fell for a third straight week, as government measures eased some of the pain at the pump triggered by the war in Iran.

  3. 03 ZeroHedge

    Before the United States and Israel launched Operation Epic Fury against the Iranian regime on Feb. 28, the price for a regular gallon of gas in the U.S. was $2.98.

  4. 04 New York Post Business

    “Putting this 47-year conflict to an end and preventing Iran from getting nuclear weapons, of course, has come with short-term disruption. I think we’ve managed it fantastically, though,” Wright told CNN’s “State of the Union” on Sunday.

Assembled from 4 corroborated claims drawn from 4 independent outlets. Every passage above is taken verbatim — Dorothy doesn't paraphrase or summarize.

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Coverage by Perspective

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Center
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Source Similarity

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Sources (4)

  • commondreams
  • nypost-biz
  • bloomberg
  • zerohedge

Original Articles (5)

Left 77% of Americans Blame Trump for Soaring Gas Prices as GOP Lacks Iran War Exit Plan — Common Dreams
Center Australian Gasoline Prices Fall for Third Straight Week on Government Interventions — Bloomberg
Lean Right 'Wright Is Wrong': Trump Rejects Energy Secretary's Comment That Gas Prices May Not Drop Under $3 Until 2027 — ZeroHedge
Left Trump Claims His Own Energy Secretary Is 'Totally Wrong' About When Gas Will Go Back Below $3 — Common Dreams
Lean Right Energy Secretary reveals when gas prices are expected to drop below $3 a gallon— says Iran War price hikes already ‘peaked’ — New York Post Business