U.S. Energy Secretary Chris Wright stated that average gasoline prices may not fall below $3 per gallon until next year, attributing the current elevated prices to the Iran war. Speaking on CNN's "State of the Union," Wright indicated that prices have likely peaked and are expected to decline, especially with a resolution to the conflict. He described sub-$3 prices as "tremendous" in inflation-adjusted terms and defended the Trump administration's management of the market disruption. Current prices are $4.05 per gallon, down from a year-to-date high of $4.16, but still significantly below the 2022 Biden-era peak. Public concern over gas prices is high, with a CBS News/YouGov poll indicating 51% of adults find them a financial hardship.