Gasoline prices are expected to return below $3 a gallon by the end of this year or early next year.

TAPPER: When do you think it's realistic for Americans to expect that gas will go back below under $3 a gallon? CHRIS WRIGHT: I don't know. That could happen later this year. That might happen until next year. But prices have likely peaked.

Tapper: "When do you think it's realistic for Americans to expect that gas will go back to under $3 a gallon?" Energy Secretary Chris Wright: "Uh, I don't know. That could happen later this year. That might not happen until next year."