Energy Sec. Granholm says gas prices will be ‘rough’ this summer, despite previously laughing them off

U.S. Secretary of Energy Jennifer Granholm said “this summer is going to be rough” for drivers due to record-high gas prices, which hit a whopping $5 a gallon on Thursday, despite previously laughing off a question about Americans being concerned about gas prices.

During an appearance on CBS News Wednesday evening, Granholm was asked whether she could offer any “calming or reassuring words” to Americans experiencing financial hardship due to gas prices.

“Yeah, this summer is going to be rough,” she responded. “I’ll just be honest with you. The Energy Information [Administration], which is the entity that projects forward the price of gas the price of oil, has said that by the fall, it should be down to $4.27 a gallon, and by late this year, early next year, it’ll be down to 4 maybe under 4, maybe high $3 a gallon.”

“So there will be some relief on the horizon, but during the summer driving season, it is going to be rough, no doubt about it because we have such a demand and supply mismatch on the global market for oil,” she added.- READ MORE