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Story summary
- Energy Secretary Chris Wright stated that gas prices could fall below $3 per gallon by summer if the conflict with Iran is resolved.
- He attributed current high prices to a "short-term disruption" caused by the war, which has led to significant price increases.
- Wright mentioned that the conflict might end in a few weeks, potentially restoring oil supplies.
- He also highlighted the ongoing danger in the Strait of Hormuz, complicating shipping.
- President Trump reinforced the U.S.'s status as a leading oil producer, indicating prices may stabilize soon.
