Americans hoping for cheaper gas before summer travel season may be in for disappointing news — at least according to one CNN analyst warning that relief at the pump could still be years away.
During a recent appearance on CNN’s The Situation Room, CNN Business senior reporter David Goldman made a startling prediction about the future of gas prices in the United States. According to Goldman, Americans may not see regular gas prices fall below $3 per gallon again until 2032.
The claim immediately shocked CNN host Pamela Brown, who reacted with visible disbelief during the live segment.
“You’re saying 2032?” Brown asked after Goldman repeated his forecast.
For millions of Americans already struggling with inflation, rising grocery costs, and high utility bills, the prediction added even more concern about the future of the economy.
Goldman explained that oil markets currently do not expect fuel prices to return to pre-conflict levels anytime soon. He argued that Brent crude oil would likely need to fall below $70 per barrel before Americans consistently see gas under $3 again.
However, Goldman claimed several major obstacles stand in the way.
According to the CNN reporter, damage tied to the conflict involving Iran has severely impacted energy infrastructure in the region. He said rebuilding major oil and liquefied natural gas facilities could take years, even if tensions cool rapidly.
Goldman specifically pointed to destruction involving one of the world’s largest LNG ports, claiming repairs alone may require up to two years before operations fully recover.
He also warned that shipping disruptions and ongoing pressure around the Strait of Hormuz — one of the world’s most important oil routes — could continue driving uncertainty across global energy markets.
At the time of the interview, Brent crude oil was trading near $96 per barrel, significantly higher than levels seen before military operations intensified earlier this year.
Still, President Donald Trump has offered a far more optimistic outlook.
Trump has repeatedly argued that energy prices will eventually fall sharply once instability overseas subsides. In previous remarks aired by CNN, Trump predicted gasoline and oil prices would “drop like a rock” after the conflict ends.
The president has consistently promoted expanded American energy production, reduced regulations, and energy independence as the best path toward lowering fuel costs for working families and retirees.
Many conservatives argue that domestic drilling and stronger energy policies helped keep prices more stable during Trump’s earlier years in office, while global instability and supply concerns have pushed costs higher in recent years.
For older Americans living on fixed incomes, gas prices remain one of the clearest signs of broader economic pressure. Higher fuel costs impact nearly every part of daily life, including groceries, travel, medical appointments, and household expenses.
Whether Goldman’s long-term forecast becomes reality or Trump’s prediction proves correct, Americans will likely continue watching gas prices very closely in the months ahead.
And if prices remain elevated through the summer, frustration over the economy could become an even bigger issue heading into the next election cycle.
