Trump Asks DOJ to Look Into Gasoline Price ‘Gouging’
Trump said consumers are being gouged as GasBuddy data showed the national average for regular gasoline fell 14.1 cents last week.
- President Donald Trump has instructed the Department of Justice to investigate oil companies for not lowering gasoline prices in line with falling crude oil costs, accusing them of gouging customers.
- Gasoline prices in the U.S. have been slow to decrease despite a significant decline in crude oil prices following the reopening of the Strait of Hormuz and other market disruptions.
- Experts explain that retail gasoline prices often lag behind wholesale price drops due to supply chain factors and inventory costs, rather than deliberate price gouging by oil companies.
- Market forces and supply chain issues largely determine gas prices, which can remain elevated even after conflicts subside and peace deals are reached.
171 Articles
171 Articles
Trump blames ‘Big Oil’ for gas prices
Oil prices have landed back to near pre-war prices as the US and Iran projected progress in peace talks, and more tankers passed through the Strait of Hormuz than at any time since the conflict began. But US retail gas prices have stayed north of $3.90, prompting President Donald Trump on Wednesday to accuse “Big Oil” of price gouging. His complaint echoed former President Joe Biden’s, who blamed oil and gas companies for soaring prices after Ru…
Trump instructs DOJ to investigate possible gasoline price gouging amid U.S.-Iran negotiations
President Donald Trump has called for the Department of Justice (DOJ) to “immediately” investigate possible gasoline price gouging as prices at the pump are slow to drop after the Strait of Hormuz was reopened during U.S.-Iran negotiations.
The Morning Call
Trump is frustrated gasoline prices don’t mirror oil’s decline. Experts say it’s not that simple
U.S. gasoline prices decreased an average of 49 cents a gallon in the last month as expectations rose for an end to the war with Iran. But they’re not falling fast enough for President Donald Trump.
Associated Press News
Trump is frustrated gasoline prices don't mirror oil's decline. Experts say it’s not that simple
U.S. gasoline prices decreased an average of 49 cents a gallon in the last month as expectations rose for an end to the war with Iran.
Trump orders DOJ probe of oil companies for price gouging
(The Center Square) - President Donald Trump on Wednesday ordered the U.S. Department of Justice to launch an immediate investigation into oil companies, accusing them of corporate "gouging" as retail gasoline prices lag behind plunging crude costs.
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