Energy & Petrochemicals #petrol#gasoline
US President Donald Trump orders DOJ probe into petrol price gouging as oil prices fall
President Donald Trump announced Wednesday that he has ordered the Department of Justice to investigate major energy companies for petrol price gouging, accusing them of not cutting pump prices in line with falling crude oil costs. Brent crude has dropped to around $76 a barrel from nearly $120 in May, yet the average US gasoline price remains at $3.90 per gallon, well above pre-conflict levels.
Jun 24, 2026 1 source