- Trump demands US petrol retailers to reduce prices ‘immediately’ on his Truth Social platform, stating, "Gasoline Retailers must get their Prices down, IMMEDIATELY,".
- He warned that big problems lie ahead if retailers do not comply, urging them to target prices around $2.50 a gallon.
- Trump emphasized that retailers must quickly react to his statement and do what is right by dropping prices for the American people.
- He expressed concern that soon the tax on petrol will be higher than the product itself, particularly affecting California residents.
- Trump criticized big oil companies for not lowering their prices at the pump despite sharply lower oil prices.
- He accused retailers of gouging customers, stating that prices are dropping ‘like a rock’ and instructed the DOJ to investigate.
Former President Donald Trump has demanded that U.S. gasoline retailers reduce prices to around $2.50 per gallon, warning of big problems if they do not comply. In a series of posts on his Truth Social platform, Trump expressed frustration over the disparity between oil prices and retail gasoline prices.1235
"Gasoline Retailers must get their Prices down, IMMEDIATELY," Trump stated, emphasizing the urgency of the situation. He accused retailers of price gouging, claiming that customers are being unfairly charged despite a significant drop in oil prices.6
Trump also highlighted the issue of taxes, stating, "Soon the Tax will be higher than the Product itself, and the United States will not stand for it, nor will the People of California, who are being abused by these ridiculous Taxes, and by their own Government." He instructed the Department of Justice to investigate the matter, indicating that he believes the situation warrants federal scrutiny.4
The former president's comments come amid rising concerns about fuel prices and their impact on consumers, particularly in states like California, where taxes on gasoline are notably high. Trump’s remarks reflect a broader frustration with the oil industry and its pricing practices, as he seeks to rally public support against perceived injustices in fuel pricing.
As the debate over fuel prices continues, Trump's call for immediate action underscores the ongoing tension between consumers, retailers, and the government regarding energy costs.
“Trump has called on US petrol retailers to lower prices immediately, citing concerns over price gouging. He has instructed the DOJ to investigate the situation further.”
