Gasoline Prices Have Likely Peaked, Trump’s Energy Boss Says (1)

The surge in US gasoline prices from the Iran war appears to have crested, Energy Secretary Chris Wright said.

“It looks like they peaked about a week or so ago,” Wright said during testimony before a Senate committee on Tuesday.

The 35% jump US gasoline prices over the past seven-plus weeks has grown into one of the biggest political liabilities from the conflict for US President Donald Trump. The increases, which have pushed the national average to as high as $4.17 a gallon, threaten to stoke inflation and blot out one of the biggest bright spots of Trump’s energy agenda ...