Trump Orders Probe into Gasoline Prices, Citing Failure to Reflect Drop in Oil Costs

U.S. President Donald Trump has ordered the Department of Justice to investigate gasoline prices, stating that they are not falling sufficiently despite the decline in international oil prices.

According to Bloomberg on June 24 (local time), President Trump wrote on his social media platform, Truth Social, "The big oil companies are paying much less for crude oil, yet the prices at the pump are not coming down accordingly."

He added, "Gasoline prices should be starting to come down much faster than I am seeing."

However, President Trump did not specify what kind of investigation he had directed the Department of Justice to conduct.

The remarks are interpreted as an expression of frustration that the drop in international oil prices—which have been falling rapidly this month due to increased transit through the Strait of Hormuz following the signing of a memorandum of understanding (MOU) to end the war between the U.S. and Iran—is not being quickly reflected in consumer prices.

(Photo: AP, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.