Trump says he’s ordered investigation into oil companies over alleged price gouging
Why this matters: a developing story that could shape the day's news cycle.
Trump says he instructed justice department to investigate oil firms over high gas prices amid Middle East conflict Donald Trump said Wednesday that he had instructed the US Department of Justice to investigate oil companies for alleged price gouging, accusing them of not lowering gas prices enough amid conflict in the Middle East.“The big oil companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for oil. 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,” Trump wrote in a social media post late Tuesday night. “Gasoline prices better start going down a lot faster than what I’m seeing!” Continue reading...