Story perspectives

Energy Secretary Says Gasoline Could Drop 30 Cents

9/7/2026

Center

Wright Pushes Production

U.S. Energy Secretary Chris Wright told CNN and CBS on September 6, 2026 that United States remains in a conflict with Iran and discussed high fuel prices.
The administration prefers expanding domestic oil production over restricting U.S. oil exports to curb gasoline prices, Wright emphasized.
He said forward gasoline contracts are over 30 cents per gallon lower.
Wright referenced a Venezuelan deal giving U.S. control of 65 billion barrels, lowering long-term gas prices.

Left

Wright Discusses Fuel

U.S. Energy Secretary Chris Wright told CNN and CBS on Sept 6, 2026 that U.S. remains at war with Iran and addressed fuel prices.
The conflict has lifted gasoline prices above $4 per gallon, burdening families while a dozen civilians have died in vessel attacks.
Wright said futures show gasoline could drop 30 cents per gallon in two months.
AAA reported average U.S. gasoline price at $4.147 per gallon then.

Blindspot

Wright said more than a dozen civilians have been killed in attacks on merchant vessels since the conflict began in February, according to the Energy Secretary.
Within this story's sources, this angle appears mainly in Left-leaning coverage and receives less attention in Center-leaning coverage.

History

Historical Context

After the 1973 Arab oil embargo—prompted by the Yom Kippur War and formalized by OAPEC’s embargo on the United States—President Richard Nixon signed the Emergency Petroleum Allocation Act, while crude prices jumped from $3 to $12 per barrel. Citing the 2026 Iran-U.S. clash and a $4.147-per-gallon gasoline level, Energy Secretary Chris Wright now pushes expanded domestic output and export limits.

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Wright Pushes Production

U.S. Energy Secretary Chris Wright told CNN and CBS on September 6, 2026 that United States remains in a conflict with Iran and discussed high fuel prices.
The administration prefers expanding domestic oil production over restricting U.S. oil exports to curb gasoline prices, Wright emphasized.
He said forward gasoline contracts are over 30 cents per gallon lower.
Wright referenced a Venezuelan deal giving U.S. control of 65 billion barrels, lowering long-term gas prices.

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