Published June 24, 2026, 8:57 a.m. EDT
“Gasoline prices better start coming down a lot faster than I’m seeing!” » Trump said President Donald Trump claimed energy companies were engaging in fuel price gouging and said he had ordered the U.S. Department of Justice to investigate.
“The big one Oil companies do not lower their pump prices in proportion to the significantly lower prices they pay for oil. These prices are falling like a rock! In other words, customers are being ‘ripped off,'” Trump claimed in a Truth Social article.
“I have asked the DOJ to immediately begin investigating this matter. Gas prices better start falling much faster than I am seeing!” he declared.
OIL TANKER TRAFFIC ACROSS THE STRAIT OF HORMUZ HAS REACHED THE HIGHEST LEVEL SINCE THE BEGINNING OF THE CONFLICT BUT MINES REMAIN
U.S. President Donald Trump gestures as he boards Air Force One to depart Reading Regional Airport June 23, 2026 in Reading, Pennsylvania. (Andrew Harnik/Getty Images/Getty Images)
Americans face difficulties fuel price during the war in Iran.
The AAA national average for regular gas is $3.928 as of June 24, down from the previous month’s average of $4.515, although still significantly higher than last year’s average of $3.224.
INFLATION RISE AGAIN IN MAY AS HIGH ENERGY PRICES SQUEEZE CONSUMERS
Fuel prices on a pump at a Chevron gas station in Bay Harbor Island, Florida, Monday, June 22, 2026. (Zak Bennett/Bloomberg via Getty Images / Getty Images)
WTI crude oil futures were hovering around $71 Wednesday morning, but were even lower before the war began.
U.S. crude closed at $73.21 on Tuesday, just $6.19 higher than the day before the U.S. attack on Iran earlier this year. NBC News reported.
TRUMP VISITS MACK TRUCKS FACTORY IN PENNSYLVANIA’S BATTLEGROUND DISTRICT FOR FULL MIDTERM ECONOMIC AGENDA
U.S. President Donald Trump answers questions from the media during a meeting with oil and gas executives in the East Room of the White House January 9, 2026 in Washington, DC. (Alex Wong/Getty Images/Getty Images)
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Trump signed a Memorandum of Understanding regarding Iran last week.