RismadarVoice Reporters, June 24, 2026
U.S. President, Donald Trump has called on the Department of Justice (DOJ) to investigate major oil companies over what he described as a failure to reduce gasoline prices in line with falling crude oil costs.
In a message posted on his Truth Social platform, Trump accused oil producers of keeping pump prices artificially high despite a significant decline in oil prices in recent weeks.
According to the president, consumers are not receiving the full benefit of lower crude prices, alleging that some companies may be engaging in price gouging.
“The big oil companies are not lowering prices at the pump at the same pace as the decline in oil prices,” Trump stated, adding that he had directed the Justice Department to examine the matter immediately.
As of Wednesday morning, neither the White House nor the Department of Justice had officially confirmed the launch of an investigation.
The president’s remarks come amid ongoing efforts to ease economic pressure on American households ahead of the November midterm elections.
Energy markets experienced significant volatility following heightened tensions between the United States and Iran, including disruptions linked to the Strait of Hormuz, a key global shipping route through which a substantial portion of the world’s oil supply passes.
The tensions contributed to a surge in crude oil and gasoline prices, raising concerns about inflation and consumer spending.
However, prices have moderated in recent weeks as diplomatic negotiations progressed and reports emerged of an interim agreement aimed at restoring stability and reopening critical trade routes.
Recent market data indicate that U.S. crude oil prices have fallen considerably from earlier highs, while national average gasoline prices have also declined.
According to industry trackers, the average price of gasoline in the United States recently dropped below $4 per gallon for the first time since March, offering some relief to motorists.
Despite the decline, fuel prices remain higher than they were a year ago, continuing to affect household budgets across the country.
