Trump instructs DOJ to probe oil companies over higher gasoline prices


June 24 (Reuters) - U.S. President Donald Trump said on Wednesday that he has instructed the Department of Justice to look into oil companies for not lowering pump prices in line with falling crude costs.

"The big Oil Companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for Oil. Those prices are dropping like a rock! In other words, customers are being "gouged"," Trump said in a post on Truth Social.

"I have instructed the DOJ to immediately start looking into this. Gasoline prices better start going down a lot faster than what I’m seeing!"