Transportation Sec Claims Gas Prices Will Drop Fast, Contradicting Fed Reports |
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On Sunday, Transportation Secretary Sean Duffy baselessly assured Americans that gas prices would be lowered immediately upon resumption of oil shipments through the Strait of Hormuz, which have been severely restricted due to the U.S. and Israel’s war on Iran.
Duffy’s claim, however, contradicts public reports from other agencies within the Trump administration, which have noted that, even with an immediate reopening of the strait, gas prices likely won’t return to pre-war levels for many months, perhaps years.
As of Monday, the price for regular-grade gasoline across the U.S. stands at $4.457 per gallon, on average — a 51 percent increase compared to prices a week before the war started.
“You’re going to start to see immediate relief once the strait opens and supply flows again,” Duffy said on ABC News’s “This Week” program over the weekend.
Admitting that prices at gas pumps have gone up, Duffy implied the costs would be temporary, and were worth it to support the war.
Trump Admin Report: Pre-Iran War Gas Prices Won’t Return Until After 2027
“You have to look at the president to say, what does a leader do? What does a president do when he sees a potential nuclear Iran? He’s not going to tolerate it,” Duffy said.
The same line of defense for the war and justification for rising gas prices is frequently invoked by President Donald Trump himself. Last month, for example, Trump acknowledged that gas prices will remain high “for a little while.”
“You know what [Americans] get for that? Iran without a nuclear weapon,” Trump added.
Importantly, military assessments before the war started indicated that Iran........