Trump Calls for Probe Into Gasoline Price 'Gouging' [View all]

Source: US News & World Report/Reuters

June 24, 2026, at 12:26 a.m.


June 24 (Reuters) - U.S. President Donald Trump said on ⁠Wednesday ⁠that he has instructed ⁠the Department of Justice to look into oil companies for ​not lowering gasoline pump prices in line with falling crude costs, and accused the companies ‌of "gouging" customers.

Trump did not name any ‌companies in his social media post, which came after midnight. The White House ⁠and the ⁠Justice Department (DOJ) did not respond to a request for further comment ​outside regular business hours.

Diplomacy between the U.S. and Iran has translated into relief at the pump for Americans, data showed earlier this week, with gasoline prices falling for a sixth ​straight week. However, Trump said the fall in gasoline prices was neither enough nor ⁠proportionate ⁠with declines in crude oil ⁠costs. "Gasoline prices ​better start going down a lot faster than what I’m seeing!"

Trump's latest post comes ​as consumers raise concern ⁠over high gasoline prices, just as the president and fellow Republicans are battling to hold narrow majorities in Congress in November's midterm elections. The average price of gasoline in the U.S. was $3.906 per gallon early Wednesday, GasBuddy data showed, down more than 14% ⁠from the peak in May.

Read more: https://www.usnews.com/news/top-news/articles/2026-06-24/trump-instructs-doj-to-probe-oil-companies-over-higher-gasoline-prices