President Donald Trump criticized “big oil companies” for not lowering prices for consumers, even though oil purchase costs have dropped. He accused oil companies of price gouging consumers, ordered the Department of Justice to investigate current practices, and demanded that the country’s gas prices drop quickly. Trump issued the rebuke to oil companies in a Truth Social post shortly after midnight on Wednesday.
“The big Oil Companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for Oil,” said Trump in his post. “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!”
