{"id":2618269,"date":"2026-06-24T04:27:02","date_gmt":"2026-06-24T08:27:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-blasts-oil-companies-for-not-lowering-prices-to-consumers-accuses-them-of-price-gouging\/"},"modified":"2026-06-24T04:28:03","modified_gmt":"2026-06-24T08:28:03","slug":"trump-blasts-oil-companies-for-not-lowering-prices-to-consumers-accuses-them-of-price-gouging","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-blasts-oil-companies-for-not-lowering-prices-to-consumers-accuses-them-of-price-gouging\/","title":{"rendered":"Trump blasts oil companies for not lowering prices to consumers, accuses them of price gouging"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-blasts-oil-companies-for-not-lowering-prices-to-consumers-accuses-them-of-price-gouging%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2618269&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>President Donald Trump criticized major oil companies for not lowering gas prices despite falling oil purchase costs. He claimed they are engaging in price gouging and ordered the Department of Justice to investigate. Trump expressed frustration that gas prices are not decreasing proportionally to oil prices, as he publicly called for faster reductions. This statement followed a period of rising oil prices after the U.S. launched Operation epic Fury against Iran, which included Iran closing the Strait of Hormuz, a critical energy passage. Oil prices surged to over four-year highs, with WTI crude reaching $119.47 and Brent crude $126.41 per barrel. Recently, oil and gas prices have declined amid rumors of a potential peace agreement between Iran and the U.S., leading to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/oil-billionaire-blasts-bidens-gas-price-blame-game-says-only-one-thing-will-fix-inflation\/\" title=\"... Billionaire Blasts Biden\u2019s Gas ... Blame Game, Says Only One Thing Will Fix Inflation\">lower crude oil prices<\/a> and a drop in the <a href=\"https:\/\/amzn.to\/3YuVZYV\" >national average gas price<\/a> to about $3.97 per gallon.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<article class=\"fn-body\">\n<p class=\"wp-block-paragraph\">President <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\">Donald Trump<\/a> criticized \u201c<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hypocrisy-kamala-harris-slammed-trump-for-refilling-oil-reserves-that-joe-biden-just-drained\/\" title=\"Hypocrisy: Kamala Harris Slammed ... for Refilling ... Reserves that Joe Biden Just Drained\">big oil companies<\/a>\u201d for not lowering prices for consumers, even though oil purchase costs have dropped. He <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pinkerton-carter-2-0-biden-blames-others-for-his-own-energy-failures\/\" title=\"Pinkerton: Carter 2.0 -- Biden Blames Others for His Own Energy Failures\">accused oil companies<\/a> of price gouging consumers, ordered the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/department-of-justice\/\">Department of Justice<\/a> to investigate the current practice, and demanded that the country\u2019s <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/gas-prices\/\">gas prices<\/a> start dropping quickly. Trump issued the rebuke to oil companies in a Truth Social post shortly after midnight on Wednesday.<\/p>\n<p class=\"wp-block-paragraph\">\u201cThe big Oil Companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for Oil,\u201d said Trump in his post. \u201cThose prices are dropping like a rock! In other words, customers are being \u2018gouged.\u2019 I have instructed the DOJ to immediately start looking into this. Gasoline prices better start going down a lot faster than what I\u2019m seeing!\u201d<\/p>\n<section class=\"explore-more-section\" id=\"wex-recommended-widget\">\n<div class=\"magazine-container single\">\n<h1 class=\"magazine-title mt-2\">Recommended Stories<\/h1>\n<p>             <i class=\"fa-solid fa-play icon\"><\/i>         <\/div>\n<div class=\"explore-grid\">\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/energy\/4576032\/states-see-average-gas-prices-above-four-dollars-gallon\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>All states see average gas prices above $4 a gallon<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/energy\/4571651\/uae-say-only-economics-not-politics-decision-leave-opec\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>UAE says only economics, not politics, affected decision to leave OPEC<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/foreign-policy\/4569649\/cia-director-john-ratcliffe-cuba-visit\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>CIA Director Ratcliffe visits Havana to discuss \u2018current scenario,\u2019 Cuba says<\/h3>\n<p>                         <\/a>                     <\/div>\n<\/p><\/div>\n<\/section>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">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 \u201cgouged.\u201d I have instructed the DOJ to immediately start looking into\u2026 <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/t.co\/MfI76kzXbO\">pic.twitter.com\/MfI76kzXbO<\/a><\/p>\n<div class=\"article-paywall\">\u2014 Commentary Donald J. Trump Truth Social Posts On X (@TrumpTruthOnX) <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/x.com\/TrumpTruthOnX\/status\/2069634890820456712?ref_src=twsrc%5Etfw\">June 24, 2026<\/a><\/div>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script> <\/div>\n<\/figure>\n<p class=\"wp-block-paragraph\">Worldwide oil prices soared after the United States initiated Operation Epic Fury against Iran on Feb. 28. During the conflict, Iran closed the Strait of Hormuz, arguably the world\u2019s most essential energy chokepoint, with approximately <a target=\"_blank\" href=\"https:\/\/www.iea.org\/about\/oil-security-and-emergency-response\/strait-of-hormuz\" rel=\"noreferrer noopener\">25% of global seaborne oil trade<\/a> passing through it, causing economic shockwaves in the oil industry. U.S. West Texas Intermediate crude oil hit a high price of $119.47 per barrel on March 9, while Brent Crude oil reached a high of $126.41 on April 30, the <a target=\"_blank\" href=\"https:\/\/www.cnn.com\/2026\/04\/30\/energy\/oil-prices-iran-war-wartime-high-blockade-hnk\" rel=\"noreferrer noopener\">highest price total in over four years<\/a>.<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-1\">\n<div class=\"wex-ad-wrap\" style=\"min-height:5px;\"><span class=\"wex-ad-label\" style=\"display:none;\">Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-15\" data-wex-ad=\"art-dsk-inart-1\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position: relative; width: 100%; height: 0px; padding: 66.7% 0px 0px; overflow: hidden; will-change: transform;\"><iframe loading=\"lazy\" src=\"https:\/\/e.infogram.com\/9f7e7959-0223-42b8-b5f6-3191856ffbff?src=embed&#038;embed_type=responsive_iframe\" title=\"Crude oil prices since Jan 28\" allowfullscreen allow=\"fullscreen\" style=\"position: absolute; width: 100%; height: 100%; top: 0px; left: 0px; border: none; padding: 0px; margin: 0px;\"><\/iframe><\/div>\n<p class=\"wp-block-paragraph\"><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/4616127\/gas-prices-national-average-drops-56-cents-in-a-month-to-3-97-per-gallon\/\"><strong>GAS PRICES: NATIONAL AVERAGE DROPS 56 CENTS IN A MONTH TO $3.97 PER GALLON<\/strong><\/a><\/p>\n<p class=\"wp-block-paragraph\">Recently, oil prices have dropped amid rumors of a peace deal being negotiated between the countries. Oil costs hit a three-month low earlier in June after <a target=\"_blank\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/energy-and-environment\/4608702\/crude-oil-prices-drop-three-month-low-trump-iran-deal\/?itm_source=parsely-api\" rel=\"noreferrer noopener\">Trump announced an agreement had been reached<\/a>. As of early Wednesday morning, Brent Crude oil was priced at <a target=\"_blank\" href=\"https:\/\/markets.businessinsider.com\/commodities\/oil-price\" rel=\"noreferrer noopener\">$76.22<\/a> per barrel while WTI oil was at <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/quotes\/@CL.1\" rel=\"noreferrer noopener\">$72.28<\/a> per barrel.<\/p>\n<p class=\"wp-block-paragraph\">Gas prices in the country have also steadily declined over the last month as a result, corresponding with falling oil prices and rumors of peace between Iran and the U.S. As of June 23, the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/national-average-gas-price-surges-to-highest-level-since-obama-era\/\" title=\"... Surges To Highest Level Since Obama Era\">national average price<\/a> for a gallon of regular gas was $3.926, down from $4.529 a month ago.  <\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-2\">\n<div class=\"wex-ad-wrap\" style=\"min-height:5px;\"><span class=\"wex-ad-label\" style=\"display:none;\">Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-16\" data-wex-ad=\"art-dsk-inart-2\"><\/div>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\">\n<\/article>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump blames oil firms for high gas prices, orders probe<\/p>\n","protected":false},"author":2677,"featured_media":2618270,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/06\/image-collage-w15hwhpja-1782286583557-e1782286673274.jpg?1782272281&amp;w=696","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[44142,49327,36186,66704,3634],"class_list":["post-2618269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-energy-prices","tag-oil-companies","tag-political-critique","tag-price-gouging-2","tag-trump"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/06\/image-collage-w15hwhpja-1782286583557-e1782286673274.jpg?1782272281&amp;w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2618269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2677"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2618269"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2618269\/revisions"}],"predecessor-version":[{"id":2618273,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2618269\/revisions\/2618273"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2618270"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2618269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2618269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2618269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}