Trump calls DOJ probe into Big Oil for price gouging amid high gas prices
Former President Donald Trump says major oil companies—Chevron, ExxonMobil, BP and Shell—are not cutting pump prices despite lower crude costs and has directed the DOJ to investigate alleged price gouging. The piece notes oil firms backed his 2024 campaign with substantial sums (about $96 million directly, with total industry spending around $445 million for the cycle), marking a sharp reversal from his earlier outreach to the fossil-fuel sector. Gas prices remain elevated due to factors like supply chain and refining costs, and analysts say price relief can lag crude prices, a dynamic that frames the political calculus ahead of midterms.
