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Trump directs DOJ to investigate Big Oil over pump price ‘gouging’

Jun 24, 2026, 12:28 AM ETState Street Energy Select Sector SPDR ETF (XLE), CL1:COM, CO1:COM, UNG, NG1:COMUCO, COP, XOM, CVX, EOG, USO, DBO, FCG, USL, SCO, UNL, BNO, MPC, BOIL, KOLD, GUSH, DRIP, USOI, HNU:CABy: Arundhati Sarkar, SA News Editor
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President Donald Trump on Wednesday said that he has instructed the Department of Justice to launch an immediate investigation into major oil companies, accusing them of price gouging.

In a Truth Social post, Trump highlighted that retail gasoline prices are failing

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