The national average price for a gallon of gasoline hit $4.14 heading into Labor Day weekend, according to AAA, the highest ever recorded for the holiday and the first time the average has been above $4 on Labor Day. The price broke a record set 14 years ago, when the average was $3.82 on Sept. 3, 2012. A year ago, Americans were paying just $3.19.
On CNN's "State of the Union" on Sunday, host Dana Bash pointed out to Energy Secretary Chris Wright that he had said on the same show in April that gas prices had peaked and might not fall below $3 per gallon until 2027. She asked whether — with the war in Iran, the Russia-Ukraine war and dwindling U.S. reserves — prices could go higher.
"I don't want to have an opinion on that," Wright said.
He then pointed to the gasoline futures market, which he said was pricing the fuel about 30 cents a gallon lower two months out. He said the Trump administration had changed blending requirements to allow American refiners to produce more gasoline, and named several Democratic-led states that have declined to adopt the new standards.
"New York, Connecticut, California and several other Democrat-governed states have decided not to adopt those standards," Wright said. "They apparently want to keep driving up prices on their residents."
#wright #labor #pointed
On CNN's "State of the Union" on Sunday, host Dana Bash pointed out to Energy Secretary Chris Wright that he had said on the same show in April that gas prices had peaked and might not fall below $3 per gallon until 2027. She asked whether — with the war in Iran, the Russia-Ukraine war and dwindling U.S. reserves — prices could go higher.
"I don't want to have an opinion on that," Wright said.
He then pointed to the gasoline futures market, which he said was pricing the fuel about 30 cents a gallon lower two months out. He said the Trump administration had changed blending requirements to allow American refiners to produce more gasoline, and named several Democratic-led states that have declined to adopt the new standards.
"New York, Connecticut, California and several other Democrat-governed states have decided not to adopt those standards," Wright said. "They apparently want to keep driving up prices on their residents."
#wright #labor #pointed
2 hours ago
