Trump Calls for Probe Into Gasoline Price 'Gouging'

[BumRushDaShow]

Source: US News & World Report/Reuters

June 24, 2026, at 12:26 a.m.


June 24 (Reuters) - U.S. President Donald Trump said on ⁠Wednesday ⁠that he has instructed ⁠the Department of Justice to look into oil companies for ​not lowering gasoline pump prices in line with falling crude costs, and accused the companies ‌of "gouging" customers.

Trump did not name any ‌companies in his social media post, which came after midnight. The White House ⁠and the ⁠Justice Department (DOJ) did not respond to a request for further comment ​outside regular business hours.

Diplomacy between the U.S. and Iran has translated into relief at the pump for Americans, data showed earlier this week, with gasoline prices falling for a sixth ​straight week. However, Trump said the fall in gasoline prices was neither enough nor ⁠proportionate ⁠with declines in crude oil ⁠costs. "Gasoline prices ​better start going down a lot faster than what I’m seeing!"

Trump's latest post comes ​as consumers raise concern ⁠over high gasoline prices, just as the president and fellow Republicans are battling to hold narrow majorities in Congress in November's midterm elections. The average price of gasoline in the U.S. was $3.906 per gallon early Wednesday, GasBuddy data showed, down more than 14% ⁠from the peak in May.

Read more: https://www.usnews.com/news/top-news/articles/2026-06-24/trump-instructs-doj-to-probe-oil-companies-over-higher-gasoline-prices

[50 Shades Of Blue]

1. Oh my sides!!!

[johnnyfins]

2. Oil companies: " Or what, Donald?"

[Raven123]

3. Must finally be reading the writing on the wall.

He is a slow reader. The guy who “loves inflation” hopefully will get a reality check in November.

[dweller]

4. meh

He just wants his cut …


😐




✌🏻

[wolfie001]

17. More Grift-Coin purchases nt

[Chipper Chat]

5. Rump thinks "Summer Blends" is a song by Seals and Crofts.

[turbinetree]

6. This reporting is a joke right...............

Hey John Roberts and the 6 maga twits and the US maga senate..................what do you think .................do you think there should be an investigation in this circus that you created ...........literally..................this article says it all...........and I kind a wish that Reuters would have said this............

Gaslighting
Reviewed by Abigail Fagan on November 10, 2025

Gaslighting is an insidious form of manipulation and psychological control. Victims of gaslighting are deliberately and systematically fed false information that leads them to question what they know to be true, often about themselves. They may end up doubting their memory, their perception, and even their sanity. Over time, a gaslighter’s manipulations can grow more complex and potent, making it increasingly difficult for the victim to see the truth.

https://www.psychologytoday.com/us/basics/gaslighting

[sop]

7. Like Captain Renault in Casablanca, Trump said: "I'm shocked, shocked to find that gas price gouging is going on!"

He'll investigate then blame "the usual suspects": Biden, Obama, and Radical Leftwing Terrorists.

:

[gab13by13]

8. After all you've done for them,

Maybe it's time to nationalize the oil and gas industries, after all you gave them our land and water to drill on.

By the bye Krasnov, with a war in the ME, oil and gas should have been much higher. Remember those 43 times you claimed a peace deal was imminent and crude dropped 3% every time? Oh, sorry, I forgot, your memory is shot.

[modrepub]

9. If There's A Bright Side To This

It’s that Trump’s antics with his on again/off again war with Iran have run the oil speculators out of town. Without speculators being active in the oil futures market, futures prices are down and have been down for weeks on the order of $25 per barrel.

I loath Trump but he’s demonstrated that speculators are collectively pumping up oil prices to the detriment of all consumers. What market purpose is inflating commodity prices for short periods of time and distorting everything just for pure profit?!?

I truly hope Congress and Trump can put something in place to prohibit folks from driving up prices for their own profit. You shouldn’t be buying futures contracts unless you’re physically capable of taking delivery of the product. Otherwise you’re only in for mischief and causing misery and extra costs to clean up after you.

[PatSeg]

14. Good point

Though I'm inclined to think the speculators will outlive Trump.

[modrepub]

18. Which Is Why

We should absolutely make sure they can never come back in. Though we’ll have to be vigilant. Where there’s gob of $ to be made, politicians can be bought.

[PatSeg]

19. Sadly that's very true

If only we could find a cure for greed.

[Firestorm49]

10. Cute. He created the mess in the first place and as usual, desires to come out as the hero of the public.

[Bengus81]

11. Fat Hitler didn't care about the massive gouging going on when Biden was Pres

and the bullshit prices foisted on everyone over the Ukraine/Russia war.

[Cheezoholic]

12. How about meat, vegetables, cereal, bread, electricity, natural gas, insurance, taxes, internet

You know... EVERY DAMN THING ELSE!!!!!!

[mwmisses4289]

13. Isn't this the guy who basically said something along the lines

of "meh, high gas prices for awhile are the cost of keeping Iran from developing nuclear weapons" and also "i don't think about americans at all?"

[twodogsbarking]

15. Put chain link fence around the gas pumps. Tha'll fix it.

[sakabatou]

16. It's almost as though we're at war with Iran, and the Strait has been restricted!

[ChicagoTeamster]

20. Funny, when Biden was President they wouldn't look at the price gouging despite record profits of the oil companies.

[miyazaki]

21. But he said affordability was a fraud.

[KPN]

22. What an absolute moron. So now he is

impulsively alienating the oil industry — one of his biggest backers — to shift the blame away from himself.

Lol! He’s spiraling down the toilet drain.