Justice Department urges states to probe possible gas price gouging
Summary
The U.S. Justice Department asked states to investigate if oil companies are unfairly raising gas prices. This request came after President Trump complained that gas prices are not dropping fast enough. Top federal officials also informed state attorneys general about this issue.Key Facts
- The Justice Department called on states to check if gas prices are being unfairly increased.
- President Trump expressed concern that gas prices are falling too slowly.
- Associate Attorney General Stanley Woodward Jr. and FTC Chair Andrew Ferguson sent this message.
- State attorneys general were informed about the need to investigate possible price gouging.
- Price gouging means charging much higher prices than normal during a crisis or unusual event.
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