President Donald Trump has instructed the Department of Justice to probe oil companies for not lowering gas prices at the pump in line with falling costs, accusing them of ‘gouging’ consumers. Trump did not name any companies in his late-night message on TruthSocial, which was posted shortly after midnight.
Gas Prices Drop
Gas prices in the U.S. fell last week below $4 per gallon for the first time since March, bringing a measure of relief to consumers. Oil prices fell more than 1% on Wednesday, extending this week’s losses to trade near four-month lows on signs that more stranded oil tankers were set to move out of the Strait of Hormuz.
The national average gas price meanwhile hovered at $3.93, according to the AAA tracker, compared to the $4.52 average a month ago. That’s a drop of around 13%. However, that’s still much higher than the national average price a year ago, which stood at $3.22, according to AAA.
Original reporting: NBC4 Los Angeles — read the source article.
