Trump Demands Immediate Gas Price Cuts and Says He Has Ordered a DOJ Probe

Overview

• On Monday, President Donald Trump used Truth Social to tell gasoline retailers to cut pump prices immediately and warned of “big problems” if they do not.
• Trump said he has instructed the U.S. Department of Justice to investigate oil companies and retailers for failing to pass crude-price declines through to consumers.
• He cited crude oil trading near $68 per barrel and urged stations to aim for about $2.50 per gallon as a reference price.
• Reporting shows the demand and probe are public pressure rather than a documented enforcement action and there is no widespread evidence yet that retailers have changed prices in response.
• The push ties to earlier oil-price swings from U.S. and Israeli strikes on Iran and later diplomacy that eased markets and it raises political stakes for Republicans before the November midterm elections.