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U.S. Gas Prices May Drop Below $3 This Summer

3/17/2026

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Summary

Story summary

Energy Secretary Chris Wright says U.S. gas could fall below $3 by summer, contingent on the Iran conflict.
Gas prices average $3.70 per gallon, up from $2.98 a month ago.
Wright cautions Americans face high prices for a few weeks.
The United States is weighing looser shipping rules to secure the Strait of Hormuz.
U.S. President Donald Trump expressed optimism about price reductions and an end to the conflict.

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Story summary

Energy Secretary Chris Wright says U.S. gas could fall below $3 by summer, contingent on the Iran conflict.
Gas prices average $3.70 per gallon, up from $2.98 a month ago.
Wright cautions Americans face high prices for a few weeks.
The United States is weighing looser shipping rules to secure the Strait of Hormuz.
U.S. President Donald Trump expressed optimism about price reductions and an end to the conflict.