Source: NBC News
“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. Trump did not name any companies in his late-night message on Truth Social, which was posted shortly after midnight. … the American Petroleum Institute, which represents all of the major U.S. oil and gas companies, said the industry ‘shares the goal of delivering relief at the pump and restoring stability to global energy markets.’ But, ‘gasoline prices don’t move in lockstep with crude oil, especially during a major global disruption that is still affecting supply, refining and inventories,’ API spokesperson Bethany Williams said.” (06/24/26)