U.S. President Urges Gasoline Retailers to Cut Prices

Reuters

U.S. President Donald Trump.

U.S. President Donald Trump said on Monday gasoline retailers must get ‌prices down immediately and warned that there will be "big problems" ahead if they did not do so.

"Gasoline Retailers must get their Prices down, IMMEDIATELY," Trump wrote on Truth Social.

"There will be no gauging, which is totally ⁠illegal. If Retailers don't do this, big problems lie ahead! Start targeting around the $2.50 a Gallon number," he wrote.

Last week, Trump said he has instructed the Department of Justice to look into oil companies for not lowering gasoline pump prices in line with falling crude costs, accusing the companies of "gouging" customers.

Oil prices spiked this year after the U.S. and Israel launched strikes on Iran ‌in ⁠late February and Iran responded with its own attacks on Israel and Gulf states with U.S. bases.

Diplomacy between Washington and Tehran to resolve the conflict has translated into some recent relief ⁠at the pump for Americans.

Source: Reuters



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