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Gas Prices May Normalize by Summer, Says DOE Secretary

3/16/2026

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Story summary
  • Department of Energy Secretary Chris Wright says there is a "very good chance" gas prices will normalize by summer, though Americans may face higher gas prices in the short term due to disruptions from the Iran conflict.
  • He notes the Iranian regime threatens global energy supplies, and the administration aims to eliminate the risk of a nuclear-armed Iran.
  • According to AAA, the national average gas price is $3.71 per gallon.