Trump demands faster drop in U.S. gasoline prices

President Donald Trump has publicly criticized major oil companies, accusing them of failing to pass on savings from falling crude oil prices to consumers at the pump. Trump expressed his dissatisfaction on his social media platform, Truth Social, stating that the companies are not reducing their prices in line with the significant drops in the cost of oil.

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The big oil companies are not lowering their prices at the pump in stride with the much lower prices they are paying for the oil.

"The big oil companies are not lowering their prices at the pump in stride with the much lower prices they are paying for the oil," Trump wrote. He further asserted that customers are being "ripped off" and announced he has instructed the Justice Department to immediately investigate the matter.

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With other words, the customers are being ripped off.

Trump's remarks come amid fluctuations in global oil prices, which have been influenced by various geopolitical factors, including conflicts. He stressed the need for gasoline prices to fall much faster than they currently are, indicating a demand for immediate action from the energy sector.

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I have instructed the Department of Justice to immediately be looking into this.