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‘We should be at $2.25 at the pump’: Trump says Exxon, Chevron, Shell and BP are price gouging drivers. Do you agree?
Key takeaways
- Thomas Kent Sun, June 28, 2026 at 8:15 PM GMT+7 8 min read XOM CVX SHEL.L BP.L CL=F Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
- "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 Wednesday on Truth Social (1).
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Do you agree? Thomas Kent Sun, June 28, 2026 at 8:15 PM GMT+7 8 min read XOM CVX SHEL.L BP.L CL=F Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
President Donald Trump is accusing major oil companies of keeping gasoline prices artificially high despite a sharp drop in crude oil prices, saying American drivers are being "gouged" and calling on the Department of Justice (DOJ) to investigate.
"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 Wednesday on Truth Social (1). "Those prices are dropping like a rock! In other words, customers are being 'gouged.'"
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