President Donald Trump has accused major oil companies of "gouging" American consumers by failing to lower gasoline prices fast enough despite a sharp decline in crude oil costs, adding he has directed the Department of Justice to investigate the industry.
The president made the announcement early Wednesday in a post on Truth Social, arguing that the drop in oil prices has not been adequately reflected at gas stations across the country. Trump did not identify any specific companies but claimed that large oil producers were pocketing the difference between falling crude costs and still-elevated pump prices.
