Wright says high gas prices will last ‘a few more weeks’

Wright says high gas prices will last ‘a few more weeks’

Energy Secretary Chris Wright said Sunday that Americans can expect to experience high prices at the gas pump “for a few more weeks” amid the U.S. conflict in Iran.

“Yes, it is a short-term disruption in the flow of energy. Americans are feeling it right now. Americans will feel it for a few more weeks, but at the end, we will have removed the greatest risk to global energy supplies,” Wright told NBC News’s Kristen Welker on “Meet the Press.”“We’ll go to a world more abundant in energy, more affordable in energy and less risky for American soldiers and commerce in the Middle East,” he added. The price of regular gas is currently at a national average of around $3.72 per gallon, up from around $2.93 a month ago, according to AAA.Iran’s new supreme leader, Mojtaba Khamenei, on Thursday asserted that the Strait of Hormuz, through which close to a fifth of the world’s oil supply travels, would remain closed.

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Welcome to The Hill’s Energy & Environment newsletter, I’m Rachel Frazin — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains.

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How policy will affect the energy and environment sectors now and in the future:

Leavitt: Trump meeting with China’s Xi not in jeopardy over Iran

White House press secretary Karoline Leavitt said Sunday an upcoming meeting between President Trump and Chinese President Xi Jinping is not “in jeopardy,” but she acknowledged it could be rescheduled amid the U.S.-Israeli war with Iran. 

Trump administration orders restart of California offshore oil operations

The Trump administration on Friday directed Sable Offshore to restart its operations of the Santa Ynez Unit and Santa Ynez Pipeline System off the coast of California, which comes as oil and gas prices surge as a result of Iran’s closure of the Strait of Hormuz.

Energy secretary: US conflict in Iran will ‘certainly’ end in ‘next few weeks’

Energy Secretary Chris Wright said Sunday that he thinks the U.S. conflict in Iran could end in the next few weeks — or even sooner.

News we’ve flagged from other outlets touching on energy issues, the environment and other topics:

He Was Chevron’s Man in Venezuela—and a CIA Informant (The Wall Street Journal)

He Was Chevron’s Man in Venezuela—and a CIA Informant (The Wall Street Journal)

Can scientists really resurrect the dodo? Inside the company that says it can (The Guardian)

Upcoming news themes and events we’re watching:

The House Natural Resources Committee will hold a hearing on mineral commodity supply chains

The House Energy and Commerce Committee will hold a hearing on electric power reliability

The Senate Energy and Natural Resources Committee will hold a hearing on various bills

What Others are Reading 

Two key stories on The Hill right now:

Trump allies plan Senate floor takeover to pass SAVE America Act

President Trump’s allies are planning to take over the Senate floor this week in a bid to pass the Safeguard American Voter Eligibility (SAVE America) Act, setting up a major test for Senate Majority Leader John Thune (R-S.D.), who is under pressure from Trump and the MAGA base to extend the debate over voting reform for as long as possible. Read more

Federal court blocks Kennedy’s vaccine changes, invalidates vaccine advisory panel

A federal judge on Monday blocked Health and Human Services (HHS) Secretary Robert F. Kennedy Jr.’s changes to vaccine policy, including the reduction of the recommended childhood immunizations and his remaking of a key vaccine advisory panel. Read more

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