Episode Details
Back to EpisodesBessent: Gas Prices Could Drop to $3/Gallon
Published 3 days, 14 hours ago
Description
Treasury Secretary Scott Bessent offers hope for lower gas prices, potentially dropping back to $3 per gallon by September, following talks to reopen the Strait of Hormuz. Despite current fuel cost strain due to Iran tensions, U.S. economic data remains strong, and inflation expectations remain unaffected. The Treasury is monitoring gas sales to ensure price drops are passed on to consumers.
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