“The Retailers must quickly react to this statement and do what they know is right — DROP YOUR PRICE FOR OUR GREAT AMERICAN PEOPLE!”
President Donald Trump posted on Truth Social Monday, demanding that gasoline retailers immediately cut their prices, warning of unspecified "big problems" if they failed to comply. The former president wrote that gasoline costs remain too high given crude oil is trading at $68 per barrel and expected to fall further. His demand comes amid ongoing price volatility that began in late February, when Trump and Israeli allies launched military operations against Iran, leading Tehran to tighten control over the Strait of Hormuz—a chokepoint handling roughly one-fifth of global energy shipments—triggering widespread economic disruptions, according to reports. Trump also accused some stations of illegal price-gouging and pressed states, notably California, to reduce their gasoline taxes.
- rawstory.com ↗︎30 JUN 2026