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Secretary Wright Says Gas Prices Are Lowest in Four Years After the One Big Beautiful Bill, on Fox News

July 8, 2025 · U.S. Department of Energy · 0:06:31

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

What happened

Secretary of Energy Chris Wright discussed the One Big Beautiful Bill’s energy provisions on Fox News on July 8, 2025, fresh from a cabinet meeting, according to the Department of Energy broadcast. Wright said the bill ended wasteful spending — noting wind, solar, and batteries together supply 3 percent of U.S. primary energy despite roughly a trillion dollars spent and another half trillion coming — and that it “unshackled” oil, gas, and coal development onshore and offshore, as stated in the interview.

Wright said gasoline prices were the lowest in four years, and in inflation-adjusted terms the lowest in 20 years outside the COVID year, according to his remarks. Pressed on whether prices would fall below $3 a gallon, he said summer is peak demand season, so sub-$3 gasoline in the fall was “absolutely possible,” as stated in the interview. He said lower oil prices might squeeze producer profits in the short run but would be answered by rising demand and investment, according to his remarks.

The segment replayed President Trump’s cabinet-meeting remarks reintroducing “clean, beautiful coal” and rejecting wind and solar; Wright said the path forward is market forces — little new wind without subsidies, continued solar investment where it makes economic sense, and growth in natural gas, nuclear, and coal to power AI and reshored manufacturing, as stated in the interview.

Why it matters

Wright attached dated, checkable price claims to the energy bill’s passage — lowest gas in four years now, possibly below $3 in the fall — giving the administration’s energy record a scoreboard of its own making.

Scoreboard watch

Wright’s claims that gasoline prices were the lowest in four years (and 20 years inflation-adjusted) and his suggestion that sub-$3 fall gasoline was possible are dated, checkable items for the scoreboard editor.

Sources: U.S. Department of Energy, “Secretary Wright Joins Fox News’s Sandra Smith - July 8, 2025”, 2025-07-08 (official upload, embedded above; published 2025-07-08). Transcript via Supadata (private research store, paraphrased and attributed, not republished). All figures and characterizations as stated by the speakers.