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Scott Bessent predicts Americans will still be paying Biden-era gas prices in summer thanks to Iran war

Apr 15, 2026Far Right

Secretary of the Treasury Scott Bessent told reporters Wednesday that gas prices may not drop below $3.00 a gallon until late September. Oil and gas prices have…

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3 related stories from other outlets

Scott Bessent cools on interest rate cut during Iran war: ‘Wait and see’

Washington Examiner

Apr 14, 2026

Good Match

Scott Bessent cools on interest rate cut during Iran war: ‘Wait and see’

Treasury Secretary Scott Bessent said the Federal Reserve is “doing the right thing by sitting and watching” to see how the war in Iran affects the U.S. economy before cutting interest rates. Bessent’s comments mark a pivot in the way the Trump administration is approaching interest rates, after historically putting pressure on the Federal Reserve…

Center Right

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NBC News

Apr 15, 2026

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Scott Bessent 'optimistic' about gas prices going into the summer

Treasury Secretary Scott Bessent said during a White House press briefing that he is "optimistic" that gas prices will fall back to $3 a gallon in the next few months as the price per barrel decreases.

Center Left

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Bessent and UK’s Reeves at Odds Over Iran War Ahead of Meeting

Bloomberg

Apr 14, 2026

Good Match

Bessent and UK’s Reeves at Odds Over Iran War Ahead of Meeting

US Treasury Secretary Scott Bessent told British media that the Iran war is worth a “small bit of economic pain,” ahead of what is likely to be a tense meeting with his UK counterpart Rachel Reeves.

Center

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