Scott Bessent Predicts Lower Gas Prices Ahead
Treasury Secretary Scott Bessent predicted in April that when the Iran war ends, heightened gas prices will return to pre-war levels.
Daily Caller News Foundation · Jul 28, 2026 · 1 min read
Treasury Secretary Scott Bessent predicted in April that when the Iran war ends, heightened gas prices will return to pre-war levels.
WATCH:
“Known in the energy business [as] a very steep backwardation, which means the future prices are much lower than we are at present,” he said. “That means the conflict will end. I think gasoline prices will come back to where they were, or perhaps lower.”
All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.
All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.