Energy Secretary Chris Wright said Sunday he has no idea when gasoline prices will drop, pulling back from a prediction he made in March that gas could fall below $3 a gallon before summer.
President Trump threatened to eliminate an Iranian gas field should it launch another strike against a Qatari liquefied natural gas (LNG) facility again.
The Trump administration is charging forward with a major expansion of offshore oil and gas leasing, reversing Biden-era restrictions and signaling a renewed push for American energy dominance. The Interior Department’s Bureau of Ocean Energy Management (BOEM) announced a detailed lease sale schedule covering the Gulf of America and Alaska’s Cook Inlet.
Drivers in North Carolina are enjoying some of the lowest gas prices in the nation as Labor Day weekend approaches. The statewide average for a gallon of unleaded fuel is $2.86—roughly 30 cents below the national average of $3.16, according to the American Automobile Association (AAA).
Federal regulators have updated oil and gas commingling rules to align with the One Big Beautiful Bill Act. The Department of the Interior aims to strengthen domestic energy production by cutting red tape and streamlining operations, while maintaining safety and efficiency standards. Energy advocates praised the move as a victory for American workers and families.
