What specific action did Trump direct the Justice Department to take regarding gasoline prices, and what was his stated reason?

Trump directed the Department of Justice to 'look into gasoline prices' because he claimed 'the big Oil Companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for Oil,' and demanded that 'Gasoline prices better start going down a lot faster than what I’m seeing!' He made this statement on Truth Social but did not elaborate on the instructions given to the DOJ.

Why have gasoline prices remained elevated despite falling crude oil prices, and what does current inventory data show?

Gasoline prices have declined less quickly than crude oil — which accounts for half the price of gasoline — following an interim peace deal that reopened the Strait of Hormuz; although average retail prices have fallen 14% since late May and are now below $4 a gallon, they remain above the five-year seasonal average, and US commercial gasoline inventories are at the lowest levels for that time of year since 2014.

Trump Says Justice Department Looking Into Gasoline Prices

Jun 23, 2026

President Trump directed the Department of Justice to investigate gasoline pricing, claiming oil companies aren't passing on lower crude costs. Supply disruptions from Middle East conflicts have left US gasoline inventories near 2014 lows despite recent price drops.

bloomberg

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