President Donald Trump says “Big Oil” companies are keeping gas prices artificially high, echoing a complaint former President Joe Biden made during the last gas price spike. But, unlike Biden, Trump says he wants the Justice Department to investigate.
In a Truth Social post early Wednesday, Trump argued that prices at the pump are not falling quickly enough, despite the drop in oil prices.
“The big Oil Companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for Oil,” he said. “Those prices are dropping like a rock! In other words, customers are being ‘gouged.’ I have instructed the DOJ to immediately start looking into this. Gasoline prices better start going down a lot faster than what I’m seeing!”
If that sounds somewhat familiar, it’s because it is.
Biden posted a similar complaint back in 2022 when Russia’s invasion of Ukraine sent energy prices soaring.
