Trump Orders DOJ Probe of Gasoline Prices as Oil Companies Keep Pump Costs Elevated
Updated
Updated · Bloomberg · Jun 24
Trump Orders DOJ Probe of Gasoline Prices as Oil Companies Keep Pump Costs Elevated
3 articles · Updated · Bloomberg · Jun 24
Summary
Trump said he has ordered the Justice Department to investigate gasoline prices, arguing pump prices are not dropping quickly enough.
In a Truth Social post, he said major oil companies are failing to cut retail gasoline prices in line with the sharply lower prices they are paying for crude.
The move puts federal scrutiny on the gap between falling oil costs and what U.S. drivers are still being charged at the pump.