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Washington — Energy Secretary Chris Wright said on Sunday on CNN that U.S. gasoline prices likely peaked in the week following a surge tied to the Iran conflict but could remain above $3 per gallon until next year; officials attributed recent increases to shipping restrictions near the Strait of Hormuz and related regional incidents. This week, officials and market trackers reported national averages around $4.00–$4.11 per gallon, with state-level year-over-year increases as high as 42.5% in Kentucky; President Trump publicly disputed Wright's timeline on Monday, while Treasury Secretary Scott Bessent offered a quicker summer decline estimate, and analysts said prices should fall once the conflict resolves.

Prepared by Christopher Adams and reviewed by editorial team.