Trump orders DOJ probe into gasoline price gouging (opens in new tab)

President Trump said he instructed the U.S. Department of Justice to examine whether oil companies kept gasoline prices too high as crude costs fell, accusing the industry of not cutting pump prices in proportion to what companies pay for oil. In a Truth Social post, Trump said customers were being “gouged” and wrote that gasoline prices “better start going down a lot faster”. The move followed a decline in crude prices after U.S.-Iran diplomacy and the reopening of the Strait of Hormuz, a wa...