President Donald Trump recently accused major companies of "gauging" U.S. consumers by not lowering gas prices quickly enough even though the cost of oil has plummeted since the ceasefire between the U.S. and Iran.
A top official from a U.S. company rejected the notion, but such a scenario has just taken place in South Korea. CNBC noted that prosecutors indicted four major oil refiners for violating fair trade laws, claiming they colluded among themselves to increase domestic fuel prices.
