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Secretary Wright Tells Fox News Fuel Prices Have Peaked and Are Falling as Iran Nuclear Program Is Ended

October 27, 2026 · U.S. Department of Energy · 0:09:16

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

What happened

Energy Secretary Chris Wright told Fox News that ensuring Iran never obtains a nuclear weapon had carried a price at the pump, but that gasoline prices had peaked several weeks earlier and had since fallen by roughly 30 cents a gallon, with diesel down about 20 cents a gallon. Wright said prices would fall further as the conflict ends, and contrasted Republican policies, which he described as expanding energy supply, with Democratic policies he described as shrinking it.

Wright said gasoline and diesel cost 50 cents or more per gallon more in Democrat-run states and that electricity costs 40 to 50 percent more in those states. With the midterm elections days away, he acknowledged that voters were upset about high energy prices, argued that Democratic energy policies over 17 years had closed coal plants and refineries and blocked energy exports, and said President Trump governs for the long term and the safety of the next generation of Americans.

The interview also covered diesel supply, with discussion of diesel imports and a diesel price of $6.35 cited on air, and Wright argued that Russian oil is not simply sanction-free, saying Russia can export oil today but only under specific sanctions and only to certain buyers. He closed by criticizing the prior administration’s Energy Department for, in his telling, never evaluating the costs of its actions and focusing only on cutting carbon emissions, and pointed to the push to expand nuclear power, noting the last new U.S. nuclear plant, Watts Bar in Tennessee, dated to 1996.

Why it matters

The interview put the administration’s midterm energy message on the record: that the fuel-price spike was a temporary cost of ending Iran’s nuclear program and that prices were already moving down.

Scoreboard watch

Wright stated on October 27, 2026 that gasoline had fallen about 30 cents a gallon and diesel about 20 cents a gallon from their peaks and would fall further as the conflict ends — figures that can be checked against published pump-price averages.

Sources: U.S. Department of Energy, “Secretary Wright Joins Fox News - October 27, 2026”, 2026-10-27 (official upload, embedded above; published 2026-10-27). Transcript via Supadata (private research store, paraphrased and attributed, not republished). All figures and characterizations as stated by the speakers.