US official says gasoline prices have peaked despite Iran war

Published
0

US Energy Secretary Chris Wright says gasoline prices appeared to have peaked after a surge linked to the Iran war — a marked shift in tone a day after President Donald Trump publicly rebuked his earlier, more cautious outlook, AFP reports.

“I don’t know the future of energy prices — often I will speculate or look at those things. I would say, gasoline prices, it looks like they peaked about a week or so ago,” Wright has told the Senate Energy and Natural Resources Committee.

He adds that the high point was $1 a gallon cheaper than the peak during the administration of Trump’s predecessor Joe Biden, stating: “Yet we’re in the midst of ending a 47-year conflict in the Middle East, a major energy-producing region.”

Opinion

Editorial

Makkah pact clarity
22 Oct, 2026

Makkah pact clarity

THERE had been much speculation about what exactly the trilateral Makkah Joint Defence Agreement entails, other than...
Common ground
22 Oct, 2026

Common ground

IT appears that the PML-N, echoing the PPP’s recent offer, is also willing to re-engage with the opposition, at...
The treatment gap
22 Oct, 2026

The treatment gap

A BREAST cancer diagnosis no longer carries the bleak outlook it did a generation ago. Targeted medicines,...
Real FBR reform
21 Oct, 2026

Real FBR reform

REFORM of the FBR has always been easier to promise than to deliver. Since the late 1990s, governments have tried...
Missing lawmakers
Updated 21 Oct, 2026

Missing lawmakers

Some lawmakers have reportedly been in detention since before Oct 11.
Tackling rabies
21 Oct, 2026

Tackling rabies

RABIES is a deadly but preventable zoonotic disease. On Monday, two more victims succumbed to it in Sindh, taking ...