The US president has said major oil companies are not setting gas prices “commensurate with the sharply lower prices they are paying” for oil.
“I have instructed the DOJ [Department of Justice) to immediately start looking into this,” Trump said in a post on his Truth Social platform. “Gasoline prices better start going down a lot faster than what I’m seeing!”
Trump has repeatedly said that gas prices will sharply drop once the conflict with Iran ends and the Strait of Hormuz reopens. While prices have dropped since the signing of the US-Iran MoU, some experts say it will likely take months before consumer prices return to prewar levels.
-Al Jazeera
