🚨 Trump demands gasoline retailers cut prices and warns of “big problems” if pump costs stay high 🚨
President Donald Trump urged gasoline retailers to lower prices immediately as crude oil prices continue to fall. His comments come after he also called for a Justice Department probe into possible gasoline price gouging.
🔑 Key highlights:
🔹️ Trump said gasoline retailers must lower pump prices immediately.
🔹️ He warned that “big problems” lie ahead if retailers do not cut prices.
🔹️ He pointed to a target of around $2.50 per gallon and also criticized California’s gasoline taxes.
🔹️ Trump previously said he instructed the Department of Justice to investigate oil companies over high gasoline prices.
🔹️ His comments followed a sharp decline in oil prices during June after a preliminary U.S.-Iran peace deal improved Middle East supply flows.
🔹️ Brent and gasoline futures remained above prewar levels even after easing from recent highs.
🎯 Bottom Line: Trump is pressing gasoline retailers to pass lower crude prices through to consumers and is pairing that pressure with a federal price-gouging investigation.
https://za.investing.com/news/economy-news/trump-demands-gasoline-retailers-cut-prices-warns-of-big-problems-4348880