Gas Prices May Not Drop Under $3 Until 2027, Energy Secretary Says

The average price for a gallon of regular gas is $4.04, according to data by the American Automobile Association.

Fuel prices are displayed on a sign as customers fill their vehicles at a gas station in Miami, Fla., on April 13, 2026. Joe Raedle/Getty Images

Pain at the pump might not ease up for American consumers until 2027, according to Energy Secretary Chris Wright, who said on April 19 that the price of a regular gallon of gas could stay above $3 for the rest of the year.

Wright said a price of $3 per gallon of gas “could happen later this ​year, [but] that might not happen until next year” in an interview that aired on CNN’s ”State of the Union” ​program Sunday.