Sagar

President Trump spoke to The Hill on Monday, and he disagreed with the Secretary of Energy Chris Wright's assessment that gas prices may not drop below $3 per gallon until next year.

Quote, no, I think he's wrong on that,

totally wrong.

When asked if he believes gas prices will drop, he said, quote, as soon as this ends.

Wright had previously told CNN Sunday gas prices may not drop below $3 a gallon until next year amid shipping restrictions in the Straits of Hormuz.

I don't know that could happen later this year.

That might not happen until next year, quote, but prices have likely peaked and they will start to go down.

The secretary added, certainly with the resolution of the conflict, you will see gas prices go down.

Prices across the board on energy will continue to go down.

So gas remains about $4.02 a gallon nationally, remains very high and stabilizing right around probably, I don't know, 390, four bucks a gallon.

But the point of the below $3 gallon is where we all were on February 27th,

On February 27th, the day before the war launched, gas was $2.90 a gallon.

So the $1 or so increase where there's likely to be some sort of stabilization translates into tens of billions of dollars every single month that America must spend on gas than it was not previously.

And I think that is the most direct consequence.

Diesel actually still remains one of those where if you're not a trucker, if you don't work

in the industry or any of that.

You don't have a full familiarity of the general impact that's having.

The margin for many of these independent contracting truckers is getting destroyed.

Many businesses already raising prices.

If you, you know, I had a tow truck over the way, I was asking about it.