President Donald Trump has directed the Department of Justice (DOJ) to investigate oil companies for failing to reduce gasoline prices in line with declining crude oil costs.
Trump, in a Truth Social post early Wednesday, accused oil companies of overcharging customers by not adjusting their pump prices in accordance with the significantly lower prices they are paying for oil.
He did not, however, name any specific companies.
The President called for an investigation despite gasoline prices falling for six straight weeks, arguing that pump prices have not dropped enough relative to the decline in crude oil prices and should be decreasing much faster.
"Gasoline prices better start going down a lot faster than what I’m seeing!" Trump wrote.
