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Wright Discusses Electricity Price Goals and Falling Fuel Prices on NewsNation

March 21, 2025 · U.S. Department of Energy · 0:07:19

Embedded from the source channel — never re-uploaded. Watch on YouTube

What happened

Energy Secretary Chris Wright told NewsNation’s Chris Cuomo that the President’s campaign goal of cutting energy and electricity prices in half within twelve months was bold and ambitious, according to the Department of Energy’s upload of the March 20, 2025 interview. Wright said gasoline and diesel prices were already down more than 15 percent less than 100 days into the administration, and that pipeline plans and proposals for the New York area could cut home heating costs by at least 50 percent in roughly the next twelve months, perhaps a little longer.

Cuomo suggested prices might be moving in the right direction for the wrong reason — weakening demand on softening economic forecasts. Wright rejected that, saying demand for oil, diesel and natural gas was at all-time highs, and that markets were discounting the end of what he called four years of obstacles to oil and gas production, with supply expected to grow and drive prices down.

Wright acknowledged that presidents do not set energy prices but said the administration helps incentivize increased supply, that those incentives had never been stronger, and that the administration was on the trajectory the President campaigned on.

Why it matters

The interview is an early-tenure checkpoint on the administration’s most specific energy promise — halving power costs in a year — with Wright conceding the goal’s ambition while pointing to fuel prices and pipelines as the mechanism, as he described them.

Scoreboard watch

Scoreboard watch: Secretary Wright’s statements that gasoline and diesel prices were down more than 15 percent within the administration’s first 100 days, and that pipeline proposals could cut New York-area home heating costs by at least 50 percent in roughly twelve months. Flagged for the scoreboard editor; no verdict is published from this page.

Sources: U.S. Department of Energy, “Secretary Wright joins NewsNation’s Chris Cuomo - March 20th, 2025”, 2025-03-21 (official upload, embedded above; published 2025-03-21). Transcript via Supadata (private research store, paraphrased and attributed, not republished). All figures and characterizations as stated by the speakers.