Where Gas Prices Stand in Each State as Trump Vows Gouging Investigation
Summary
President Donald Trump announced that he is starting an investigation into oil companies for possibly charging too much for gasoline. He said gas prices are not falling as fast as oil prices have dropped, and he asked the Department of Justice to look into the situation quickly.Key Facts
- President Trump said oil companies are not lowering gas prices enough even though oil prices have dropped sharply.
- He used social media platform Truth Social to announce the investigation on Tuesday night.
- The Department of Justice has been instructed to begin the investigation immediately.
- Brent crude oil prices dropped from over $100 per barrel in late February to about $75 per barrel recently.
- The U.S. average gas price is around $3.93 per gallon, down from $4.53 last month.
- Gas prices vary by state, with California having the highest average price at $5.56 per gallon and Indiana the lowest at $3.32.
- President Trump did not mention any specific oil companies in his announcement.
- The White House and Department of Justice did not provide a comment by Wednesday.
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