Trump tells gas retailers to target $2.50 a gallon and warns of “big problems” if prices don’t fall

Donald Trump said on Truth Social that gas stations should cut retail gasoline prices immediately and aim for about $2.50 a gallon, warning of “big problems” if they do not. He also said he had directed the Justice Department to look into alleged price gouging by oil companies. AAA put the U.S. average gasoline price at $3.86 a gallon, with California around $5.45. WTI traded near $70.36 a barrel and Brent near $73.61, while BNO and USO edged up on the day but were down more than 17% over the past month.