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US to probe petrol price gouging claims, Trump says
BBC • • general
Key Points:
- US President Donald Trump has ordered the Department of Justice to investigate major energy companies for allegedly not reducing petrol prices in line with falling crude oil costs.
- Trump accused oil firms of "gouging" customers by keeping pump prices high despite a significant drop in global oil prices following the Iran conflict.
- Oil prices have declined from peaks caused by the US-Israel strikes on Iran and Tehran's closure of the Strait of Hormuz but remain above pre-conflict levels.
- The average US gasoline price has decreased from over $4 a gallon in April to about $3.90 but still exceeds prices before the Iran-related tensions.
