Gas Prices Peak at $4 as Trump, Wright Disagree

Is $4 gas a lasting economic wound on Americans or a small price to pay for dismantling Iran's nuclear threat?

1 day ago·Updated 18 hours ago

Gas Prices Peak at $4 as Trump, Wright Disagree

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Above: U.S. Energy Secretary Chris Wright on April 14. Image credit: Victor J. Blue/Bloomberg/Getty Images

The Spin

Anti-Trump narrative

Trump and Wright are being too optimistic. Gas prices hitting $4 a gallon aren't a blip, as futures markets show elevated prices through 2027 and beyond. Even Trump's own economists are forecasting costs staying high into 2028. The Strait of Hormuz disruption has broken global supply chains, and even a full reopening could take years to unwind, leaving no clear timeline for relief for Americans.

Justin Wolfers on X Democrats

Pro-Trump narrative

A $4 gas spike is a small, temporary cost compared to eliminating Iran's nuclear program, killing Khamenei and dismantling the world's top state sponsor of terrorism. U.S. energy dominance will drive prices back down as soon as America has forced Iran's submission. A weakened Iranian regime means fewer American lives lost to proxy attacks for decades. Strength prevents war; the alternative was a nuclear-armed Iran.

Mariana on X

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