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The Independent UK
The Independent UK
World
Wyatte Grantham-Philips and Cathy Bussewitz

Trump is frustrated gasoline prices don't mirror oil's decline. Experts say it’s not that simple

Energy Crisis - (Copyright 2026 The Associated Press. All rights reserved.)

U.S. gasoline prices decreased an average of 49 cents a gallon in the last month as expectations rose for an end to the war with Iran. But they're not falling fast enough for President Donald Trump.

Trump, who wants to stave off the economic fallout of the war ahead of midterm elections, is now pointing at oil companies as the culprit. The president said on social media early Wednesday that he had tasked the Justice Department with investigating whether “customers are being ’gouged."

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