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Updated 27d ago
· 15 sources tracked
Trump accuses big oil firms of price-gouging drivers
President Trump has directed the Justice Department to investigate oil companies over high gasoline prices. He alleges that firms are not lowering pump prices despite a sharp decline in crude oil costs. The move follows an interim peace agreement between the United States and Iran.
What changed
Trump has officially ordered a Justice Department investigation into specific oil companies for price gouging.
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Trump Orders DOJ Probe Into Oil Company Price Gouging
confidence 95%President Trump has directed the Justice Department to investigate oil companies over high gasoline prices. He alleges that firms are not lowering pump prices despite a sharp decline in crude oil costs. The move follows an interim peace agreement between the United States and Iran.
What's confirmed:
- President Trump ordered the Justice Department to investigate oil companies for alleged price gouging.
- Trump specifically named Shell, ExxonMobil, BP and Chevron regarding the fuel price probe.
- The president stated that big oil companies are not dropping pump prices commensurate with the lower prices they pay for oil.
- Global oil prices declined following an interim peace agreement between the U.S. and Iran.
Still unconfirmed:
- Big oil donors spent nearly $100 million to get Trump elected.
- Oil prices have returned to prewar levels.