finance
President Trump Names Exxon, Chevron, Shell, and BP in Fuel Price Probe
President Trump identified four major oil companies as part of a federal investigation into high gasoline prices. The U.S. national average stood at $3.928 per gallon as of Wednesday.
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President Trump named Exxon, Chevron, Shell, and BP as companies under scrutiny in a federal probe into gasoline prices. The announcement followed an earlier government decision to investigate alleged price gouging. “Oil prices have come down so much and we are not seeing anything at the pump by comparison the way they should be,” President Trump told reporters.
He added that the national average should be $2.25 per gallon.
The U.S. national average for regular gasoline reached $3.928 per gallon as of Wednesday, according to AAA. That figure is down from $4.025 the previous week but higher than the $3.224 recorded one year earlier. GasBuddy reported a national average of $3.85 per gallon as of Monday.
Diesel prices have also declined, falling below $5 per gallon for the first time in several weeks. Fuel prices have now fallen for six consecutive weeks.
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