Bessent Optimistic We'll See $3 a Gallon Gas This Summer

Treasury Secretary Scott Bessent said he is optimistic U.S. gas prices will fall below $3 a gallon sometime between June 20 and September 20. The comment points to easing consumer fuel costs, which could modestly support household purchasing power and help soften inflation. The statement was made at a White House press briefing and is directional rather than a policy announcement.

Analysis

Treasury Secretary Scott Bessent said he is optimistic U.S. gas prices will fall below $3 a gallon sometime between June 20 and September 20. The comment points to easing consumer fuel costs, which could modestly support household purchasing power and help soften inflation. The statement was made at a White House press briefing and is directional rather than a policy announcement.