President Trump on Wednesday announced that he has instructed the Department of Justice to investigate American oil companies after gas prices failed to decline more drastically in the week following the signing of the Iran memorandum of understanding, which reopened the Strait of Hormuz and restored the free flow of oil. The president took aim at oil companies for allegedly "gouging" consumers, arguing that they were effectively ripping off American drivers by not passing lower crude oil costs on to the public.
"The big Oil Companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for Oil," the president wrote on Truth Social. "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! President DJT."
Read Full Article Here
- by: Dmitri Bolt
- 2026-06-24
- Source:
https://townhall.com/tipsheet/dmitri-bolt/2026/06/24/why-are-gas-prices-not-coming-down-its-not-because-of-greedy-oil-companies-n2678224
- 06/25/2026
President Trump meets European leaders by Daniel Torok is licensed under White House
President Trump meets European leaders by Daniel Torok is licensed under White House