Scott Bessent: “Gasoline has come down more than 10%.”

“Energy prices will come back down. The energy markets are very well supplied. Oil is already about 25 or 30% off the top. Gasoline has come down more than 10%. So I am very confident that the challenging time with gasoline will pass by. Core inflation, which is real underlying inflation, surprised on the downside, it was only 0.2%.” (02:06–02:17)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.