Turns out the trick to lower gas prices is driving less, according to the US energy secretary
US Energy Secretary Chris Wright suggests that gas prices will likely decline following the end of the summer driving season. The administration is also leveraging oil reserves from Venezuela and easing refinery regulations to help stabilize costs ahead of midterm elections.
Why it matters
Energy costs remain a primary economic concern for American voters, directly impacting the political stability of the current administration.
US Department of Energy Secretary Chris Wright says gas prices will decline after Labor Day. Mandel NGAN / AFP via Getty Images Americans have been grappling with sky-high gas prices since the US started a war with Iran. With the Iran conflict ongoing, that could impact Trump's allies in November's midterm election. The US energy secretary, however, says gas prices could drop as Americans drive less after summer. Americans have been paying some of the highest prices for gas in years since the US attacked Iran in February. That war shows no signs of cooling off anytime soon. The US and Iran traded multiple strikes on each other's oil tankers over the weekend. US Department of Energy Secretary Chris Wright, however, said, while making the rounds on the Sunday morning news shows, that despite the ongoing conflict, gas prices will soon go down because summer is ending.
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