Trump says he’s ordered investigation into oil companies over alleged price gouging

AI Summary

Former US President Donald Trump has called on the Department of Justice to investigate oil companies for allegedly price gouging amid the Middle East conflict. He claims that gasoline prices are not decreasing proportionally to the drop in crude oil prices, urging faster reductions at the pump.

Trump says he instructed justice department to investigate oil firms over high gas prices amid Middle East conflict Donald Trump said Wednesday that he had instructed the US Department of Justice to investigate oil companies for alleged price gouging, accusing them of not lowering gas prices enough amid conflict in the Middle East. “The big oil companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for oil. Those prices are dropping like a rock! In other words, customers are being ‘gouged.’ I have instructed the DOJ to immediately start looking into this,” Trump wrote in a social media post late Tuesday night. “Gasoline prices better start going down a lot faster than what I’m seeing!” Continue reading...