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00:02President Trump rejected his energy officials' forecast that gas prices may stay high until
00:072027 and said prices would fall as soon as the Iran war ends, according to Reuters.
00:13U.S. Energy Secretary Chris Wright told CNN on Sunday that gasoline prices below $3 per
00:19gallon could happen later this year, but may not occur until next year.
00:23Wright said prices would fall when the conflict ends, but no clear end is in sight,
00:27as a fragile ceasefire nears expiration and prospects for new talks remain uncertain.
00:32Trump said his energy official is wrong and expects prices to fall as soon as the conflict ends.
00:38Trump and Republicans face pressure before November's midterms as gas prices remain high,
00:43inflation rises, and his approval ratings decline.
00:46The national average gas price rose to $4.04 per gallon on Monday from $3.15 a year ago,
00:53as global oil prices increased 5% the same day.
00:55For all things money, visit Benzinga.com.
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