Washington: Trump orders DOJ probe into fuel price gouging
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WASHINGTON, June 24, 2026 — President Donald Trump has ordered the U.S. Department of Justice to open an immediate investigation into major energy companies for alleged fuel price manipulation. In posts on Truth Social on Wednesday morning, he accused large oil firms of failing to pass on sharply lower crude prices to consumers at the pump and warned executives that gasoline prices must fall more quickly. The move represents a marked shift in tone for an administration previously supportive of the domestic oil and gas sector. The decision comes as Americans face elevated fuel costs amid ongoing conflict with Iran.
More context
Timeline
- Early 2026 War with Iran disrupts energy
- First half 2026 US fuel costs spike
- Earlier this year Conflict drives crude volatility
- June 24, 2026 AAA reports $3.928 gasoline
- June 24, 2026 Trump posts accusations online
- June 24, 2026 President orders immediate DOJ investigation
- June 24, 2026 Markets react to enforcement threat
- Today Energy sector faces federal scrutiny
Why it matters
Your wallet is feeling the pinch at the pump. This investigation could lead to lower gas prices. But, it may also cause market instability. Keep an eye on your energy bills and fuel costs.
JQJO Editorial Desk · Human reviewed · AI assisted. Report a correction.
