U.S. President Donald Trump says he has instructed the Department of Justice to open an investigation into whether major oil companies are “gouging” consumers through gasoline prices that are not falling as quickly as crude costs. In recent remarks and posts, Trump argues pump prices have not declined fast enough even as global oil prices drop, and he calls for action to address the gap. Multiple outlets report that Trump frames the issue as part of broader economic strain related to the Iran conflict, pointing to a recent interim or first-stage peace deal with Iran as contributing to lower crude prices. NBC News and other outlets describe Trump’s directive as immediate, while Fortune and the Daily Mail cite Trump’s repeated claim that gasoline prices “better start going down” faster than what he is seeing. The reports consistently state that Trump directs DOJ involvement rather than another agency and that the basis for the probe is the alleged lack of corresponding price reductions at the pump. The outlets do not provide details on specific companies, legal grounds, or expected timelines for the investigation.
Trump orders DOJ probe into alleged gas price “gouging” by oil companies
U.S. President Donald Trump says he has instructed the Department of Justice to open an investigation into whether major oil companies are “gouging” consumers through gasoline prices that are not fall...
- Trump says he instructed the U.S. Department of Justice to open an investigation into alleged gas price “gouging.”
- Trump accuses major oil companies of not lowering gasoline pump prices enough despite falling crude or oil prices.
- Reports describe Trump’s comments as calling for the probe to begin immediately.
- Several outlets link the price-change context to developments involving the Iran conflict or a peace deal with Iran.
- All sources attribute the allegations of price gouging to Trump, without providing additional investigative findings or outcomes.
The directive comes as fuel prices remain elevated despite a sharp decline in global oil prices following an interim peace agreement between the United States and Iran.
2 months agoPresident Trump said early Wednesday morning that he has directed the Justice Department (DOJ) to “immediately” open an investigation into alleged gas price gouging at the pump amid economic strains resulting from the Iran war. “The big Oil Companies are not dropping their price at the pump commensurate with the sharply lower prices they are...
2 months agoPresident Trump said Wednesday he instructed the Department of Justice to open a price-gouging probe because gas prices are not dropping fast enough following his first-stage peace deal with Iran.
2 months ago"Gasoline prices better start going down a lot faster than what I’m seeing!" Trump wrote.
2 months agoUS President Donald Trump said on Wednesday that he has instructed the Department of Justice to look into oil companies for not lowering gasoline pump prices in line with falling crude costs, and accused the companies of "gouging" customers.
2 months agoPresident Donald Trump said Wednesday that he had instructed the Department of Justice to immediately probe oil companies for not lowering gas prices at the pump in line with falling costs, accusing them of “gouging” consumers.
2 months ago
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