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

The Guardian UK Wednesday 24 June 2026, 15:21 UTC By Lauren Aratani 1 min read
Key Points

Trump says he instructed justice department to investigate oil firms over high gas prices amid Middle East conflictDonald 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...

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!”

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Originally published by The Guardian UK Read original →

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