Trump accuses oil companies of gas price ‘gouging,’ calls for DOJ probe

President Donald Trump said Wednesday that he had instructed the Justice Department to immediately probe oil companies for not lowering gas prices at the pump in line with falling costs, accusing them of “gouging” consumers.

President Donald Trump said Wednesday that he had instructed the Justice Department to immediately probe oil companies for not lowering gas prices at the pump in line with falling costs, accusing them of “gouging” consumers.

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Trump did not name any companies in his late-night message on Truth Social, which was posted shortly after midnight.

“The big Oil Companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for Oil,” Trump wrote. “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. Gasoline prices better start going down a lot faster than what I’m seeing!” he added.