President Donald Trump demanded that gas retailers lower their obscenely high prices “immediately.”
Taking to Truth Social on Monday, the president addressed gas prices that are putting a massive dent in Americans’ summer travel plans by addressing gas companies directly.
Look:
— Rapid Response 47 (@RapidResponse47) June 29, 2026
“Gasoline Retailers must get their Prices down, IMMEDIATELY! They’re too high considering that Oil is now at $68 a Barrel, and heading south,” he wrote. “The Retailers must quickly react to this statement, and do what they know is right — DROP YOUR PRICE FOR OUR GREAT AMERICAN PEOPLE! There will be no gauging, which is totally illegal. If Retailers don’t do this, big problems lie ahead! Start targeting around the $2.50 a Gallon number, and California should stop charging such heavy Taxes on their Gasoline. 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.”
This is not the first time Trump has addressed astronomical gas prices. Speaking to reporters in the Oval Office last week, he said that there is a “big investigation” into oil companies.
Watch:
“We are doing a big investigation on it,” says @POTUS on potential price gouging by oil companies at the gas pump.
“They’re not reducing the prices commensurate with what’s happening. 19 million barrels came out yesterday. That is a FLOOD… and they should be much lower, the… pic.twitter.com/7MRS1UWq96
— Rapid Response 47 (@RapidResponse47) June 24, 2026
“It’s ExxonMobil, it’s Chevron, it’s, uh, Shell, it’s, uh, BP, it’s a lot of ’em. The gasoline, or the oil prices, have come down so much, and we are not seeing anything at the pump by comparison to what it should be. We should be, in my opinion, at $2.25 right now at the pump. And we’re higher than that, and we are doing a big investigation on it, yeah. They’re not reducing the prices commensurate with, uh, what’s happening,” he said on Wednesday.
The day before, on Truth Social, Trump announced that he had instructed the Department of Justice to get involved.
Look:
— Rapid Response 47 (@RapidResponse47) June 24, 2026
“The big Oil Companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for Oil. Those prices are dropping like a rock! In other words, customers are being “gouged.” I have instructed the DOJ to immediately start looking into this. Gasoline prices better start going down a lot faster than what I’m seeing!” he wrote.
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