Trump tells U.S. gasoline retailers to lower pump prices and cites possible legal consequences
The Facts
- Trump said Monday that gasoline retailers in the United States should lower their prices immediately.
- Trump said current gasoline prices were too high given that oil was around $68 a barrel and falling.
- Trump said retailers should target gasoline prices of about $2.50 per gallon.
- Trump said price gouging is illegal and warned retailers they would face problems if they did not lower prices.
- Trump also criticized California's fuel taxes and called on the state to lower them.
- The pressure on retailers follows Trump's statement last week that he had directed the Justice Department to investigate oil companies over pump prices not falling in line with crude prices.
- Multiple reports say oil prices had risen after conflict involving Iran and concerns about disruption to shipments through the Strait of Hormuz, before later easing.
How left and right are reading this
- Both agree
- Drivers should benefit when underlying costs fall, and current pump prices are being judged against cheaper oil and other identifiable contributors.
- They split on
- Whether the story is about using presidential legal threats to police private pricing, or about forcing lower oil costs and taxes through to consumers.
Analytical frames for this storyTap to explore
Context
What exactly did Trump ask gasoline retailers to do?
He said retailers should cut pump prices immediately and aim for about $2.50 per gallon, arguing that lower crude prices should be reflected more quickly in what consumers pay EL UNIVERSO,Al Jazeera Online,РБК-Украина.
Why did Trump say prices should come down now?
Trump said oil was trading at roughly $68 a barrel and declining, so he argued gasoline prices were too high relative to crude costs Аргументы и…,Middle East Eye,Yahoo!.
What could happen next?
Trump has paired his public warning with talk of enforcement, saying gouging is illegal and noting that he had already told the Justice Department to investigate companies that did not lower pump prices in line with falling crude prices РИА Новости,IndexHR,Khaleej times.
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Independent coverage (50)
РБК-УкраинаТрамп выдвинул ультиматум владельцам АЗС
AktuelnoTramp pozvao naftne kompanije da odmah snize cijene benzina
MandatoryDonald Trump Demands Gas Prices Fall to $2.50 a Gallon
Економічна правдаТрамп требует от АЗС немедленно снизить цены на бензин и при...
indy100.comTrump demands gas companies must cut prices - critics think ...
Rus.Postimees.eeЛитр бензина за 58 евроцентов: Трамп угрожает и требует у то...
The IndependentTrump again demands gas retailers drop price after war he st...
Daily Post NigeriaReduce gasoline prices immediately - Trump orders US petrol ...
Bljesak.infoTrump zaprijetio naftnim kompanijama: Ako ne snize cijene, s...
The Daily BeastTrump Loses It Over Gas Prices in Unhinged Meltdown
KalingaTVGasoline Retailers Face Pressure to Lower Prices in US
newKerala.comTrump to Gas Retailers: Drop Prices Now or Face 'Big Problem...
Asian News International (ANI)"Drop your price": Trump tells gasoline retailers to cut rat...
Source.baSource.ba:Trump pozvao naftne kompanije da odmah snize cijen...
armenpress.amТрамп потребовал снизить цены на бензин
Minval.azТрамп потребовал немедленно снизить цены на бензин в США - M...
Khaleej timesTrump warns gasoline retailers of 'big problems' if they don...
قناة العربيةTrump urges gasoline retailers to lower prices, warns of 'bi...
El Diario de YucatánDonald Trump ordena bajar el precio de gasolina
"Insan Haqları Uğrunda" İctimai BirlikТрамп требует снизить цены на топливо
Dnevnik.hrTrump zaprijetio: "Morate sniziti svoje cijene, ODMAH"
OilPrice.comTrump Pressures Gas Stations to Slash Prices
Зеркало.azТрамп заявил, что бензин в США должен стоить $2,50 за галлон
vijesti.baTrump pozvao naftne kompanije da odmah snize cijene benzina
BUKATrump pozvao naftne kompanije: ODMAH TO URADITE! | 6yka
100 Percent Fed UpPresident Trump DEMANDS Gas Stations Stop Overcharging & Dro...
Фонтанка.руТрамп потребовал снизить цены на бензин, пригрозив неприятно...
Glas SrpskeHoće li doći do pada cijene benzina
Nezavisne novineTramp pozvao naftne kompanije da odmah snize cijene benzina
Oxu.AzТрамп потребовал снизить цены на бензин в США
Economic TimesTrump urges gasoline retailers to lower prices, warns of 'bi...
Novi listTrump prijeti proizvođačima goriva: 'Snizite cijene ODMAH il...
publimetroTrump exige bajar la gasolina a 2.50 dólares el galón: ¿pued...
Аргументы и фактыТрамп потребовал снизить цены на бензин в США
RocketNews | Top News Stories From Around the GlobeTrump tells US petrol retailers to reduce prices 'immediatel...
Al Jazeera OnlineTrump tells US petrol retailers to reduce prices 'immediatel...
IndexHRTrump: Prodavači goriva moraju sniziti svoje cijene, ODMAH
AutoSpies.comTrump Demands Gas Retailers Slash Prices to $2.50 a Gallon, ...
Hoy DigitalPetróleo de Texas sube a 70.75 el barril
Tiempo DigitalTrump exige bajar el precio de la gasolina en EEUU a 2,50 dó...
tportal.hrTrump zaprijetio prodavačima goriva: 'Odmah to učinite ili v...
El EconomistaGasolina en EU, en su precio más bajo desde marzo
Azeri - Press Informasiya AgentliyiТрамп потребовал снизить цены на топливо в США
CiberCubaTrump lanza mensaje a las gasolineras: bajen los precios "in...
Forbes MéxicoTrump exige bajar gasolina a 2.50 dólares por galón
Middle East EyeTrump says retailers face 'big problems' over fuel costs
La HoraTrump exige a los vendedores de gasolina que reduzcan "de in...
El HuffPostTrump exige una bajada inmediata de la gasolina y fija un ob...
Middle East Eye"Big problems lie ahead": Trump warns US fuel retailers over...
vesti.ruТрамп пригрозил "большими проблемами" продавцам бензина в СШ...
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