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Updated 7d ago
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Trump accuses oil companies of gas price ‘gouging,’ calls for DOJ probe
President Donald Trump has directed the Justice Department to investigate oil companies for alleged price gouging. He claims pump prices have not dropped enough despite falling crude oil costs. The probe includes companies such as Exxon and Chevron.
What changed
Trump has formally ordered a Justice Department investigation into oil firms over gasoline prices.
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Trump Orders DOJ Probe Into Oil Company Price Gouging
confidence 90%President Donald Trump has directed the Justice Department to investigate oil companies for alleged price gouging. He claims pump prices have not dropped enough despite falling crude oil costs. The probe includes companies such as Exxon and Chevron.
What's confirmed:
- President Donald Trump ordered the Justice Department to investigate oil companies for price gouging.
- Trump stated that big oil companies are not dropping pump prices commensurate with lower oil costs.
- Crude oil prices fell below $70 a barrel for the first time since early March.
Still unconfirmed:
- Exxon and Chevron are among the firms being probed.
- The investigation is linked to the Iran peace deal and Middle East conflict.