politics
President directs retailers to cut gasoline prices immediately
The president posted on social media ordering fuel retailers to lower prices at once and warning of unspecified problems if they do not comply. The directive follows recent increases in U.S. pump prices linked to the conflict with Iran.
KO
WA
thehindu.comAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
The president posted on social media Monday directing gasoline retailers to lower prices immediately and warning of "big problems" if they fail to act. The message set a target of around $2.50 per gallon and stated there would be "no gauging," which the post described as illegal. It urged retailers to "DROP YOUR PRICE FOR OUR GREAT AMERICAN PEOPLE."
The president has previously stated that fuel prices would fall sharply once the conflict ends. The administration has invoked emergency powers to restart a California oil pipeline closed after a 2015 spill and is promoting expanded domestic production.
Additional actions cited Last week the president said an investigation had been ordered into major oil companies, stating that wholesale oil prices had fallen sharply while pump prices had not. " California was singled out in the Monday message, with the president calling on the state to reduce its gasoline taxes, which the post said were approaching the cost of the fuel itself.
" — President, June 30, 2026 (Truth Social) The state is pursuing a carbon-neutral electricity grid within 20 years while the federal administration pushes for greater fossil-fuel output.
