Trump directs Justice Department to probe major oil companies over gasoline pricing practices
Donald Trump said he has instructed the Justice Department to investigate major oil companies including Chevron, ExxonMobil, BP, Shell and Occidental Petroleum over alleged gasoline price gouging, arguing pump prices have not fallen in line with lower crude costs. The national average gasoline price is $3.91 a gallon, up from $3.22 a year ago. The Justice Department and the White House did not confirm details of any investigation, but said higher fuel costs are an economic challenge. Several companies and industry representatives said the pass-through from crude prices to retail gasoline can take weeks to months.
