PLATTEVILLE, Colorado — Energy Secretary Chris Wright said Monday there are ongoing policy discussions to reduce spiking oil prices due to the war in Iran but warned Americans could see price impacts for weeks.
Speaking Monday at a gas-fired power plant in northern Colorado, Wright said administration officials “will do everything we can” to mitigate the price impacts of the war. That includes an “active dialogue” about a coordinated release of oil from the Strategic Petroleum Reserve, Wright said.
“We don’t have any increase in our price of natural gas, but we have our gasoline, our diesel, our jet fuel prices up,” Wright said. “That hurts American citizens … and we are doing everything we can to alleviate that.”
Wright added that the “single biggest” thing the U.S. could do was to “completely dismantle Iran’s ability to project hostile force” on its Middle Eastern neighbors.
