Transcript: Energy Secretary Chris Wright on "Face the Nation with Margaret Brennan," Sept. 6, 2026
Summary
Energy Secretary Chris Wright spoke about gas and diesel prices after Labor Day, saying prices may drop as demand falls and U.S. refiners increase production. He also discussed challenges with diesel supply due to damaged Russian refineries and the impact of ongoing tensions with Iran on oil exports and prices.Key Facts
- Gas prices may fall soon because summer driving season ends and U.S. refiners can produce more gasoline and diesel.
- Diesel prices hit a record high of $5.89 per gallon recently.
- Russian refineries are heavily damaged, stopping Russia from exporting diesel and making it an importer instead.
- U.S. plans to increase fuel production rather than banning exports to lower prices.
- Iran’s current government may not reach a nuclear deal with the U.S., but diplomatic talks remain open.
- The U.S. military’s main goal in the region is to stop Iranian oil exports.
- Oil exports through the Strait of Hormuz are high despite regional conflicts.
- U.S. and allies are working to increase oil supply from places like Alaska, the Gulf, Venezuela, and the Middle East.
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