US Secretary of Energy Chris Wright carefully predicted on Sunday that gasoline prices were about to fall, but no clear or specific promises were made. Retail oil prices at US gas stations reached the highest level in history over Labor Day weekend, less than two months until the midterm elections. At the same time that he participated in several Sunday current affairs interview programs, the price of diesel, which will have a ripple effect on the overall economy, also hit a record high. “I think the drop in oil prices is a reasonable expectation,” he said on the program. In this program and other interview programs, Wright pointed out that with the end of the traditional summer driving season, gasoline demand in the US usually declines after Labor Day. Wright said, “Gasoline production is about to increase, and demand will drop. Therefore, if we want to make a judgment, the possibility of oil prices falling is greater than rising.”

US Secretary of Energy Chris Wright carefully predicted on Sunday that gasoline prices were about to fall, but no clear or specific promises were made. Retail oil prices at US gas stations reached the highest level in history over Labor Day weekend, less than two months until the midterm elections. At the same time that he participated in several Sunday current affairs interview programs, the price of diesel, which will have a ripple effect on the overall economy, also hit a record high. “I think the drop in oil prices is a reasonable expectation,” he said on the program. In this program and other interview programs, Wright pointed out that with the end of the traditional summer driving season, gasoline demand in the US usually declines after Labor Day. Wright said, “Gasoline production is about to increase, and demand will drop. Therefore, if we want to make a judgment, the possibility of oil prices falling is greater than rising.”