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Wright: Gas prices dropping to less than $3 ‘might not happen until next year’

Wright: Gas prices dropping to less than $3 ‘might not happen until next year’

Energy Secretary Chris Wright stated that gas prices dropping below $3 may not occur until next year, citing ongoing energy price spikes due to Iran’s restrictions on shipping through the Strait of Hormuz. Wright mentioned the possibility of a price drop later this year but emphasized it might not happen until 2024, highlighting ongoing geopolitical impacts on energy markets.

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