Energy Secretary Chris Wright on "Face the Nation with Margaret Brennan," Sept. 6, 2026

TL;DR

Gasoline and diesel prices are expected to head downward due to decreased demand after the summer driving season and regulatory changes allowing refiners to increase production.
High diesel prices are attributed to global refining capacity issues, including significant damage to Russian refineries.
The U.S. is pursuing a strategy to pressure Iran through sanctions to influence its nuclear program and policies, aiming to either change its behavior or the regime.
The U.S. is increasing domestic oil production and exploring opportunities in Venezuela, Alaska, and with Canada to boost global supply.
U.S. investment in Venezuelan oil production is seen as a mutually beneficial deal that will increase production, create jobs, and lower energy prices for the U.S., with expectations of future elections in Venezuela.

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