Gasoline prices have not fallen fast enough despite a sharp drop in the price of oil, the US president has said
US President Donald Trump has ordered the Justice Department to investigate major oil companies, accusing them of gouging consumers by keeping gasoline prices high despite a drop in the price of oil.
Oil prices surged after the US and Israel launched a bombing campaign against Iran in February, disrupting global trade.
In a post on Truth Social on Wednesday, Trump said he directed the Justice Department to “immediately start looking into this,” adding that he expected prices to fall “a lot faster than what I’m seeing.” He did not name any oil companies in the post.
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