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US to probe petrol price gouging claims, Trump says
Key takeaways
- His remarks come after the price of oil retreated from peaks seen during the Iran war but remain higher than before the conflict started.
- The BBC has contacted the DOJ and the White House for comment.
- "The big Oil Companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for Oil," Trump said in the post.
Trump wrote on social media that he has ordered the Department of Justice (DOJ) to "immediately start looking into this", adding he had expected to see petrol prices fall "a lot faster than what I'm seeing." He did not name any oil firms in the post.
His remarks come after the price of oil retreated from peaks seen during the Iran war but remain higher than before the conflict started.
The BBC has contacted the DOJ and the White House for comment.
Article preview — originally published by BBC Business. Full story at the source.
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