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Secretary Wright Touts $2-Cheaper Gasoline from Corpus Christi Ahead of President Trump's Speech

March 2, 2026 · U.S. Department of Energy · 0:05:15

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

What happened

Energy Secretary Chris Wright joined Fox News from Corpus Christi, Texas, where President Trump was due to arrive, and said there was a lot of enthusiasm in the city for the President’s arrival, as the broadcast stated it. Asked how the administration would keep a lid on oil prices ticking up over Iran concerns, Wright said that when he filled gas tanks in Corpus Christi that morning, gasoline was $2 a gallon cheaper than it was in the middle of the Biden administration; he acknowledged a small bump from Middle East concerns but said that with U.S. energy dominance and close arrangements with allies the world is well supplied with oil, that gasoline is much cheaper than under Biden, and that he thinks it will go even lower, as he stated it.

Asked for the economic message of the President’s appearance, Wright said President Trump is doing everything possible to lower prices, that lowering the price of energy not only makes life more affordable but draws new businesses into the country and into communities, which hire workers and push wages up — lower costs, higher wages, as he summarized it. Asked about Republican concern that the Texas Senate seat could flip, he said that is super unlikely in Texas and that he is quite optimistic about the November elections, according to his remarks.

The hosts cited figures, as they stated them, of oil prices down 15 percent and gasoline down 6 percent since President Trump took office, with electricity prices up more than 7 percent. Wright responded that Biden did everything he could to push electricity prices up, including closing 30 to 40 gigawatts of coal power, while President Trump kept 17 gigawatts in place — the start of his answer on electricity prices, as he stated it.

Why it matters

The segment captures the administration’s affordability pitch at a campaign-style stop — lower energy prices producing higher wages — alongside the specific price claims Wright and the hosts put on the record for oil, gasoline and electricity since January 2025.

Sources: U.S. Department of Energy, “Secretary Wright Joins Fox News in Corpus Christi, Texas - February 27, 2026”, 2026-03-02 (official upload, embedded above; published 2026-03-02). Transcript via Supadata (private research store, paraphrased and attributed, not republished). All figures and characterizations as stated by the speakers.