It's Monday, May 11th, 2026 from Peachfish Productions. It's the gist. I'm Mike Peska.

Energy Secretary Chris Wright was on Meet the Press, and so he was asked, obviously, about gas prices.

That's good. We all want to know about gas prices. We all hope they're headed down.

So after a few questions about what a deal over

the Strait of Hormuz might look like, answer, it'll eventually open the straight and Iran will be

rid of its nuclear weapons, when, we don't know, how, we can't say. So after a couple of those,

host Kristen Welker got on to gas prices. I do want to talk about the big issue for Americans' gas prices, of course.

First thing she does is plays an old tape of Wright saying it'll be $3 by summer, comes out

of the tape, which was from before the war in March, and asks, do you still think it'll be $3?

He says, I can't predict the future of gas prices. I know we have to stick to the war

plan and rid of its nuclear weapons. So then Welker asks, just to go back to this central

question, though, do you anticipate gas prices will drop below $3 a gallon this year? And right again

says, I can't make predictions about that, but goes on to emphasize

the importance of defeating Iran, so they're rid of their nuclear weapons. Welker then asks,

So you're saying that ultimately gas prices will start to come down once the straight is reopened.

Here's what analysts are saying about how high gas prices could ultimately go.

U.S. gasoline prices have a legitimate chance of rising to $5 a gallon as refiners prioritize jet fuel

production at the expense of other products, according to analysts at J.P. Morgan Chase.

Should Americans be prepared for the possibility of paying products, according to analysts at J.P. Morgan Chase, should Americans be prepared

for the possibility of paying $5 a gallon for gas? And Wright says, remember when I couldn't predict

three? I also can't predict five. He could have said, well, five is 50 cents more than it is now,

and three is $1.50 down. So I guess it's more likely. But of course

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