Trump says he ordered DOJ to probe gas price ‘gouging’
Summary
President Donald Trump said he has asked the Justice Department to start an investigation into whether gas companies are unfairly raising gas prices. He claims gas prices are not dropping as much as the cost of oil has fallen, causing concern during economic difficulties linked to the war in Iran.Key Facts
- President Trump ordered the Justice Department to investigate possible gas price gouging.
- Price gouging means charging more than normal or fair prices.
- This action came amid economic problems related to the war in Iran.
- Oil prices have decreased sharply recently.
- Gas prices at the pump have not dropped as much as oil prices.
- President Trump made this statement early on a Wednesday morning.
- The investigation aims to see if big oil companies are unfairly keeping gas prices high.
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