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Updated 28d ago
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Trump claims consumers are being ‘gouged’ by gas companies and orders DOJ price probe
President Trump directed the Justice Department to immediately investigate oil companies for price gouging. He claims pump prices are not dropping fast enough despite lower crude oil costs. The president demanded that gasoline prices decrease more rapidly.
What changed
Trump has officially ordered the DOJ to probe oil companies over gasoline pricing.
Live updates
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Trump Orders DOJ Probe Into Oil Company Price Gouging
confidence 90%President Trump directed the Justice Department to immediately investigate oil companies for price gouging. He claims pump prices are not dropping fast enough despite lower crude oil costs. The president demanded that gasoline prices decrease more rapidly.
What's confirmed:
- President Trump ordered the Justice Department to investigate oil companies for price gouging.
- Trump stated that big oil companies are not lowering pump prices commensurate with lower oil costs.
- The president told the DOJ to immediately start looking into the matter.
- Trump claimed consumers are being gouged at the gas pump.
Still unconfirmed:
- Crude oil fell below $70 a barrel for the first time since early March.
- Pump prices remain above 3.90.
- Crude prices slumped following an Iran peace deal.
- Chevron's CFO stated gas prices will normalize after Trump's pressure on oil companies.