{"id":2618428,"date":"2026-06-24T10:28:01","date_gmt":"2026-06-24T14:28:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-says-americans-are-being-gouged-by-big-oil-companies-demands-doj-investigation\/"},"modified":"2026-06-24T10:30:32","modified_gmt":"2026-06-24T14:30:32","slug":"trump-says-americans-are-being-gouged-by-big-oil-companies-demands-doj-investigation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-says-americans-are-being-gouged-by-big-oil-companies-demands-doj-investigation\/","title":{"rendered":"Trump Says Americans Are Being &#8216;Gouged&#8217; by Big Oil Companies, Demands DOJ Investigation"},"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\">26<\/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-says-americans-are-being-gouged-by-big-oil-companies-demands-doj-investigation%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=2618428&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 called on oil companies to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hearing-on-bidens-dip-into-strategic-petroleum-reserves-becomes-debate-on-race-renewables\/\" title=\"Hearing on Biden\u2019s Dip Into Strategic Petroleum Reserves Becomes Debate on Race, Renewables\">reduce gasoline prices<\/a> in line with declining oil costs, and announced that the Department of Justice would investigate potential price gouging. Despite oil prices falling over 36% since April, gasoline prices have only dropped about 13%, leading Trump to criticize the lagging decrease at the pump. He emphasized that <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cnn-says-biden-is-to-thank-for-falling-gas-prices-days-after-saying-it-was-out-of-his-control\/\" title=\"CNN Says Biden Is To Thank For ... Gas ... Days After Saying It Was Out Of His Control\">lower oil prices<\/a> should translate to cheaper gasoline and suggested that current high prices serve to prevent Iran from developing nuclear weapons. Trump also mentioned that falling oil prices would benefit the economy and pointed to ongoing geopolitical concerns in the Middle East. The <a href=\"https:\/\/amzn.to\/3YuVZYV\" >article includes social media reactions<\/a> and details about his comments during a Pennsylvania rally,highlighting political and economic tensions surrounding fuel prices.  <\/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\"><br \/>\n<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><\/p>\n<p>President Donald Trump on Wednesday demanded oil companies lower gasoline prices at the same rates oil prices are falling.<\/p>\n<p>Oil prices rose during the war with Iran, but have been falling since the United States and Iran announced a framework for a deal to end the conflict.<\/p>\n<p>\u201cThe big Oil Companies are not dropping their price at the pump commensurate with the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-blasts-oil-companies-for-not-lowering-prices-to-consumers-accuses-them-of-price-gouging\/\" title=\"... blasts ... for not lowering ... to consumers, accuses them of ... gouging\">sharply lower prices<\/a> they are paying for Oil,\u201d Trump posted on <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/116803130747198847\" target=\"_blank\" rel=\"noopener\"><\/a>.<\/p>\n<p>\u201cThose prices are dropping like a rock! In other words, customers are being \u2018gouged,\u2019\u201d Trump added.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udea8 THE US JUST ORDERED A DOJ PROBE INTO BIG OIL. READ THAT AGAIN:<\/p>\n<p>Trump announced this at 12:12 AM \u2014 not through a press secretary, not through a policy memo. A midnight public statement ordering the Department of Justice to open an investigation.<\/p>\n<p>Do you understand what that\u2026 <a href=\"https:\/\/t.co\/7zs8DCMER4\">pic.twitter.com\/7zs8DCMER4<\/a><\/p>\n<p>\u2014 \ud83c\uddfa\ud83c\uddf8 Edward T. Winslow (@EdwardTWinz) <a href=\"https:\/\/x.com\/EdwardTWinz\/status\/2069697160040366519?\">June 24, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u201cI have instructed the DOJ to immediately start looking into this,\u201d Trump posted.<\/p>\n<p>\u201cGasoline prices better start going down a lot faster than what I\u2019m seeing!\u201d he wrote.<\/p>\n<p>U.S. crude closed at $73.21 on Tuesday, according to <a href=\"https:\/\/www.nbcnews.com\/politics\/donald-trump\/trump-gas-price-gouging-oil-iran-war-hormuz-doj-rcna351522\" target=\"_blank\" rel=\"noopener\">NBC News<\/a>.<\/p>\n<p>That\u2019s a decline of more than 36 percent since oil prices peaked in April.<\/p>\n<p>But gasoline prices? That\u2019s another story.<\/p>\n<p>AAA put the national average price at $3.93 per gallon, a drop of 13 percent.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">As usual Gasoline lags.<\/p>\n<p>Oil companies are quick to jam up the prices at the pump when a supply shock hits. And are very slow to bring prices back down as the shock dissipates.<\/p>\n<p>President Trump is right to point this fact out. <a href=\"https:\/\/t.co\/F0qW2uz1W9\">pic.twitter.com\/F0qW2uz1W9<\/a><\/p>\n<p>\u2014 James E. Thorne (@DrJStrategy) <a href=\"https:\/\/x.com\/DrJStrategy\/status\/2069730591814140188?\">June 24, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>During a Pennsylvania rally on Tuesday, Trump said falling oil prices will lead to lower prices across the board, according to <a href=\"https:\/\/thehill.com\/homenews\/administration\/5937061-trump-affordability-gas-prices-pennsylvania\/\" target=\"_blank\" rel=\"noopener\">The Hill<\/a>.<\/p>\n<p>\u201cThe stock market hit a new high today again, and oil, for the first time in months, hit \u2014 think of it, $70 a barrel,\u201d he said.<\/p>\n<p>\u201cThat equates to a very low price. That oil is going to come charging down, and with oil comes everything else,\u201d Trump said.<\/p>\n<p>Trump said the pain at the pump was needed to prevent Iran from having a nuclear weapon.<\/p>\n<p>\u201cRemember this: we had to make this detour,\u201d he said. \u201cWe had to go to Iran. Can\u2019t let them blow up the Middle East, and then us, if that\u2019s possible.\u201d<\/p>\n<div style=\"background-color: #f7f7f7; color: #171717; display: flex;font-size: 16px;font-weight: 600;line-height: 1.5;margin: 24px 0;padding: 18px 20px 18px 30px;text-align: left;\">\n<div style=\"align-self: stretch;border-left: 3px solid #171717;flex-shrink: 0;padding-left: 20px;\"><\/div>\n<p><a style=\"text-decoration: none;\" href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.westernjournal.com\/\">Choose The Western Journal as your preferred source on Google and never miss reporting that defends truth, protects freedom, and advances Western civilization<\/a><\/div>\n<p style=\"border: 1px solid #f5f5f5; padding: 16px;\">Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. <a href=\"https:\/\/www.westernjournal.com\/advertise-us\/?wj_source=article\">Advertise Today<\/a>.<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> \t\t\t\t\t\t<label>* Name<\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"name\" required> \t\t\t\t\t<\/div>\n<div class=\"sc--field\"> \t\t\t\t\t\t<label>* <\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"\" required> \t\t\t\t\t<\/div>\n<p> \t\t\t\t\t<label>* Message<\/label> \t\t\t\t\t<br \/> \t\t\t\t\t<textarea name=\"message\" required><\/textarea> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> \t\t\t\t\t<input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\"> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t\t<script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey == typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts = { \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs = [ 'name', '', 'message' ];  \t\t\t\t\tfor( var i = 0; i < inputs.length; i++ ) if( ! 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