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US official says gas prices have peaked despite Iran war

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US Energy Secretary Chris Wright, pictured at a speaking event in Washington on April 13 2026, acknowledged that he was "speculating"

US Energy Secretary Chris Wright, pictured at a speaking event in Washington on April 13 2026, acknowledged that he was "speculating"

US Energy Secretary Chris Wright said Tuesday that gasoline prices appeared to have peaked after a surge linked to the Iran war -- a marked shift in tone a day after President Donald Trump publicly rebuked his earlier, more cautious outlook.

"I don't know the future of energy prices -- often I will speculate or look at those things. I would say, gasoline prices, it looks like they peaked about a week or so ago," Wright told the Senate Energy and Natural Resources Committee.

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