Transcript: Energy Secretary Chris Wright on "Face the Nation with Margaret Brennan," Oct. 4, 2026
Summary
Energy Secretary Chris Wright said Americans can expect lower gas and diesel prices by the midterm election day. He explained that U.S. fuel production is high, demand is falling after summer, and the government is working to protect Gulf oil infrastructure amid tensions with Iran.Key Facts
- U.S. gasoline production is at a record high.
- Gasoline and diesel demand are decreasing as summer driving ends.
- Diesel prices have been affected by the Russia-Ukraine war and China limiting exports.
- Two large refineries in California were recently closed.
- Wright blamed 15 years of past Democratic policies for reducing U.S. energy production capacity.
- The U.S. government is sending defensive equipment to Gulf countries to protect oil facilities.
- The president opposes Iran obtaining nuclear weapons and is preparing economically and militarily to prevent it.
- A third U.S. aircraft carrier strike group is being sent to the Gulf region around mid-November.
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