US to probe petrol price gouging claims, Trump says - BBC
President Trump has ordered a Department of Justice investigation into major oil companies, accusing them of price gouging at the pump. He claims that fuel prices have not decreased in line with falling wholesale oil costs.
Why it matters
This move signals a potential shift in energy policy and government oversight of the oil industry, directly impacting consumer costs and national economic policy.
Share Save Add as preferred on Google Osmond Chia and Mitchell Labiak , Business reporters Bloomberg via Getty Images US President Donald Trump has said he has ordered an investigation into major energy companies, accusing them of "gouging" drivers by not cutting fuel prices after wholesale oil costs fell on global markets.
The article reports on the President's statements and the industry's response neutrally, providing context from both sides.
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