Trump Asks DOJ to Look Into Gasoline Price ‘Gouging’
Trump said oil companies are not passing lower crude costs to drivers and ordered the Justice Department to review possible price gouging.
- On Wednesday, President Donald Trump directed the U.S. Department of Justice to investigate major oil companies, accusing them of "gouging" consumers by failing to lower gasoline prices in line with sharp declines in crude oil costs.
- Global energy prices skyrocketed earlier this year as the war in Iran forced closure of the Strait of Hormuz, a critical trade route through which one-fifth of global oil supply normally moves. Recent peace talks have since eased market pressures.
- Crude oil prices fell 27 percent over the last month, while retail gasoline prices declined just 13 percent. The American Automobile Association reported the national average stood at $3.93 per gallon as of Tuesday.
- The DOJ has not disclosed formal investigative steps or timeline. Analysts describe the directive as "political theater," noting that market lags, refining costs, and state taxes—not corporate manipulation—primarily influence pump prices.
- Experts suggest the investigation may serve as a messaging strategy ahead of November's midterm elections. Retail gasoline prices typically lag crude movements by several weeks, making immediate legal action against oil companies unlikely.
185 Articles
185 Articles
Trump Pressures Oil Industry as Prices Fail to Drop; Consumers Accused of Ripping Off; International Oil Prices at Lowest Level Since War; U.S. Gasoline Prices Remain High; Trump Orders Investigation into Oil Companies, Will Put Relations Between Sides to the Test. Although international oil prices plummeted following the signing of the MOU between the U.S. and Iran to End the War, gasoline prices in the U.S. retail market
Donald Trump would be willing to sanction oil companies that refuse to lower the price of gasoline nationally
‘Gouging’: Trump calls for ‘immediate’ DOJ probe into high gasoline prices * WorldNetDaily * by Joe Kovacs
Source link (Official White House photo by Daniel Torok) President Donald Trump on Wednesday instructed the U.S. Department of Justice to immediately investigate the high price of gasoline across America, accusing oil companies of “gouging” consumers. In a post on Truth Social, the commander in chief indicated: “The big Oil Companies are not dropping their price
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.
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