Treasury Secretary Scott Bessent said gasoline prices could ease back toward $3 a gallon by September following a sharp increase triggered by the war in Iran.
The conflict—now nearing its eighth week—has driven a rapid surge in fuel costs.
The national average was about $2.90 per gallon before the fighting began. As of April 15, prices have climbed above $4, according to the American Automobile Association.
Bessent said he believes that prices at the pump will steadily decline once Middle East tensions cool and the Strait of Hormuz—the vital choke point that carries a fifth of the world’s oil supply—is fully reopened….
Gas Prices Could Return to $3 by September: Treasury Secretary
