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Iran war adds $100B to U.S. energy costs; diesel surge threatens freight
Axios·US · IR·about 6 hours ago
Energy Secretary Chris Wright cautiously predicted gasoline prices will fall but avoided firm commitments, as U.S. pump prices hit record Labor Day levels and diesel costs reach all-time highs. The remarks come with midterm elections under two months away, adding political weight to energy price trajectory. Wright cited typical seasonal demand patterns, but the lack of concrete policy pledges leaves the path of fuel prices uncertain.