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Trump Orders Investigation Into High Gasoline Prices

7 sourcesFirst reported 28 days agoUpdated 27 days ago

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Donald Trump has instructed the Justice Department to investigate oil companies.
He accused oil companies of not lowering prices despite falling oil costs.
Trump claims customers are being 'gouged' at the gas pump.
The investigation follows rising gasoline prices amid Middle East tensions.
He expressed urgency for prices to decrease more quickly.

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On June 24, 2026, former President Donald Trump announced he has instructed the U.S. Department of Justice to investigate oil companies for alleged price gouging. This announcement was made amid fluctuating geopolitical tensions, particularly related to the conflict in the Middle East. Trump criticized oil firms for not reducing gasoline prices despite a decrease in oil prices, which he claims constitutes consumer deception.

In a post on Truth Social, Trump expressed frustration, stating that gasoline prices should be declining more rapidly. He characterized the high fuel costs as artificial inflation caused by the oil companies. The Justice Department's investigation aims to scrutinize the pricing practices of these firms as part of Trump's efforts to address what he considers unfair pricing strategies impacting consumers during a time when oil prices have reportedly dropped following a ceasefire agreement in the region.

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Trump Orders Investigation Into High Gasoline Prices

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