Trump Energy Goon Slapped With Receipts Over Gas Price Lies
The Daily Beast • • business
Key Points:
- Energy Secretary Chris Wright gave inconsistent estimates on CNN about when gas prices might fall below $3 per gallon, shifting from weeks to possibly as late as 2027.
- Wright emphasized that current gas prices are still relatively low when adjusted for inflation and expressed confidence prices will eventually decrease.
- Last month, Wright mistakenly claimed the U.S. Navy had successfully escorted an oil tanker through the Strait of Hormuz, causing a sharp drop in crude prices before the statement was retracted.
- The Energy Department attributed the incorrect Navy escort claim to a spokesperson's error, but the situation in the Strait of Hormuz remains tense due to increased Iranian military activity and naval mines.
- The Strait of Hormuz continues to be a critical and volatile chokepoint affecting global oil supply amid ongoing tensions with Iran.
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