« previous next »
Pages: [1]   Go Down

Author Topic: Why aren’t gas prices falling? Trump wants answers.  (Read 281 times)

0 Members and 1 Guest are viewing this topic.

Online mystery-ak

  • Owner
  • Administrator
  • ******
  • Posts: 422,005
Why aren’t gas prices falling? Trump wants answers.
« on: Today at 05:21 am »
Why aren’t gas prices falling? Trump wants answers.
June 24, 2026 | Vivek Saxena

President Donald Trump has instructed the Department of Justice to probe oil companies for not reducing their rates in line with falling costs.

The president revealed this in a Truth Social post published late Wednesday in which he accused the companies of price gouging.

“The big Oil Companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for Oil,” he wrote.

“Those prices are dropping like a rock! In other words, customers are being ‘gouged.’ I have instructed the DOJ to immediately start looking into this. Gasoline prices better start going down a lot faster than what I’m seeing!”


https://twitter.com/TrumpDailyPosts/status/2069642103345537104

more
https://www.bizpacreview.com/2026/06/24/why-arent-gas-prices-falling-trump-wants-answers-1647607/
Logged
Democrat Party...the Party of Infanticide

"Never argue with stupid people, they will drag you down to their level and then beat you with experience"
Mark Twain

“Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.”
-Matthew 6:34

Smokin Joe: Stupid people vote. If you have enough of them, you don’t need to steal an election

Online Wingnut

  • The problem with everything is they try and make it better without realizing the old way is fine.
  • Hero Member
  • *****
  • Posts: 26,418
  • Gender: Male
Re: Why aren’t gas prices falling? Trump wants answers.
« Reply #1 on: Today at 05:28 am »
We just hit the mid 3.30's.  But he's right.  Not dropping fast enough.  I think they are keeping them high until after the 4th of July travel season.
Logged
You don’t become cooler with age but you do care progressively less about being cool, which is the only true way to actually be cool.

Offline andy58-in-nh

  • Hero Member
  • *****
  • Posts: 6,422
  • Gender: Male
Re: Why aren’t gas prices falling? Trump wants answers.
« Reply #2 on: Today at 05:41 am »
It's basic retail economics and supply chain dynamics.

Cheaper gas isn't yet available because the oil purchased to produce it hasn't yet been refined, much less distributed by wholesalers. 

The retail stations, most of which operate on small margins, had to raise prices quickly so that they could try to pay for their next delivery, but now are still selling the same expensive gas in their storage tanks.

That's why "price elasticity" so often only works in one direction. More oil, less regulation, lower state taxes and more competition would help drive prices down faster.
Logged
"If all men are created equal, that is final. If they are endowed with inalienable rights, that is final. If governments derive their just powers from the consent of the governed, that is final. No advance, no progress can be made beyond these propositions. If anyone wishes to deny their truth or their soundness, the only direction in which he can proceed historically is not forward, but backward toward the time when there was no equality, no rights of the individual, no rule of the people."    -Calvin Coolidge

Online corbe

  • Hero Member
  • *****
  • Posts: 35,637
Re: Why aren’t gas prices falling? Trump wants answers.
« Reply #3 on: Today at 05:59 am »


   More red meat for Trumpers consumption only.
Logged
No government in the 12,000 years of modern mankind history has led its people into anything but the history books with a simple lesson, don't let this happen to you.

Online Wingnut

  • The problem with everything is they try and make it better without realizing the old way is fine.
  • Hero Member
  • *****
  • Posts: 26,418
  • Gender: Male
Re: Why aren’t gas prices falling? Trump wants answers.
« Reply #4 on: Today at 06:01 am »
Quote from: andy58-in-nh on Today at 05:41 am
It's basic retail economics and supply chain dynamics.

Cheaper gas isn't yet available because the oil purchased to produce it hasn't yet been refined, much less distributed by wholesalers. 

The retail stations, most of which operate on small margins, had to raise prices quickly so that they could try to pay for their next delivery, but now are still selling the same expensive gas in their storage tanks.

That's why "price elasticity" so often only works in one direction. More oil, less regulation, lower state taxes and more competition would help drive prices down faster.

That may be true but that don't make it right!... tipping hat!!
Logged
You don’t become cooler with age but you do care progressively less about being cool, which is the only true way to actually be cool.

Offline IsailedawayfromFR

  • Hero Member
  • *****
  • Posts: 16,164
Re: Why aren’t gas prices falling? Trump wants answers.
« Reply #5 on: Today at 06:07 am »
Filled up for $2.93 two days ago.

That is a dollar less than 5 weeks ago.

I doubt if pump prices will drop much beyond that as tank storage will need to be refilled across the world so demand will remain robust.
Logged
“You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and outcomes are nothing.” Thomas Sowell

Online bigheadfred

  • TBR Contributor
  • *****
  • Posts: 17,951
  • Gender: Male
  • One day Closer
Re: Why aren’t gas prices falling? Trump wants answers.
« Reply #6 on: Today at 06:19 am »
$3.89 to $4.09 here.
Logged
She asked me name my foe then. I said the need within some men to fight and kill their brothers without thought of Love or God. Ken Hensley

Online Timber Rattler

  • Hero Member
  • *****
  • Posts: 6,332
  • Conservative Purist and Patriot
Re: Why aren’t gas prices falling? Trump wants answers.
« Reply #7 on: Today at 06:46 am »
He's an economic ignoramus.

 :pootrump:
Logged
aka "nasty degenerate SOB," "worst of the worst at Free Republic," "Garbage Troll," "Neocon Warmonger," "Filthy Piece of Trash," "damn $#%$#@!," "Silly f'er," "POS," "war pig," "neocon scumbag," "insignificant little ankle nipper," "@ss-clown," "neocuck," "termite," "Uniparty Deep stater," "Never Trump sack of dog feces," "avid Bidenista," "filthy Ukrainian," "war whore," "fricking chump," "psychopathic POS," "depraved SOB," "Never Trump Moron," "Lazarus," "sock puppet," and "Timber Bunny."

"In a time of universal deceit - telling the truth is a revolutionary act."  ---George Orwell

Online Bigun

  • Hero Member
  • *****
  • Posts: 38,031
  • Gender: Male
  • Resistance to Tyrants is Obedience to God
    • The FairTax Plan
Re: Why aren’t gas prices falling? Trump wants answers.
« Reply #8 on: Today at 06:50 am »
Quote from: Wingnut on Today at 05:28 am
We just hit the mid 3.30's.  But he's right.  Not dropping fast enough.  I think they are keeping them high until after the 4th of July travel season.

$3.19 here today.
Logged
Scientists, like all discoverers of truth, have always asked, "What?” “How?” “Why?” “What if?” and “Why not?” Questioning science is science.

Jaeger, John . Brilliant Creations : The Wonder of Nature and Life (p. 5). Kindle Edition.

Online DCPatriot

  • Hero Member
  • *****
  • Posts: 49,289
  • Gender: Male
Re: Why aren’t gas prices falling? Trump wants answers.
« Reply #9 on: Today at 06:51 am »
$3.649 here around the Beltway
Logged
"It aint what you don't know that kills you.  It's what you know that aint so!" ...Theodore Sturgeon

"It was only a sunny smile, and little it cost in the giving, but like morning light it scattered the night and made the day worth living" F. Scott Fitzgerald

If we had just let them eat the Tide pods, none of this would be happening right now

Online catfish1957

  • The Conservative Carp Rapscallion of Brieferville
  • Political Researcher
  • *****
  • Posts: 27,319
  • Gender: Male
Re: Why aren’t gas prices falling? Trump wants answers.
« Reply #10 on: Today at 07:11 am »
Sorry Trump...  you don't know shit about the oil industry.  Stick to your lane.....   Comedy.
Logged
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.  Note:  Posts may also be allegorical in nature, and not literal.

Online LMAO

  • Hero Member
  • *****
  • Posts: 13,459
  • Gender: Male
Re: Why aren’t gas prices falling? Trump wants answers.
« Reply #11 on: Today at 07:34 am »
“Price gouging”

How leftist

Remember the good old days when Harris suggested such a stupid idea and people around here called her a communist?

Trump is doing what every politician who is facing political backlash does and that’s blaming  others  for their failures
« Last Edit: Today at 07:51 am by LMAO »
Logged
"I have little interest in streamlining government or in making it more efficient, for I mean to reduce its size. I do not undertake to promote welfare, for I propose to extend freedom. My aim is not to pass laws, but to repeal them." Barry Goldwater

https://www.usdebtclock.org/

Online mountaineer

  • Hero Member
  • *****
  • Posts: 68,302
Re: Why aren’t gas prices falling? Trump wants answers.
« Reply #12 on: Today at 07:46 am »
I just paid $3.86 (actually $3.26 after using accumulated Kroger fuel points).
Logged
I would remind you that extremism in the defense of liberty is no vice. And let me remind you also that moderation in the pursuit of justice is no virtue.
--- Henry V. Jaffa

Offline DefiantMassRINO

  • Hero Member
  • *****
  • Posts: 15,320
  • Gender: Male
Re: Why aren’t gas prices falling? Trump wants answers.
« Reply #13 on: Today at 08:18 am »
The cost to fill my gas tank has dropped from $60 to $58.50 ... $3.98/gal cash price.

Trump may be waiving the incorrect magic wand.
Logged
"Political correctness is a doctrine fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it’s entirely possible to pick up a turd by the clean end." - Alan Simpson, Frontline Video Interview

Online LMAO

  • Hero Member
  • *****
  • Posts: 13,459
  • Gender: Male
Re: Why aren’t gas prices falling? Trump wants answers.
« Reply #14 on: Today at 08:31 am »
Lyndon Johnson  tried this when prices rose on his watch of blaming businesses and industries, and the voters didn’t buy it then and they’re not gonna buy it now

The only thing that saved Johnson from losing the House of Representatives in 1966  was that the Democrats margin was so large that they could absorb the 40+ seat loss and still remain in control

Trump doesn’t have that luxury

What next Mr. President? Price controls?

Conservatism is going to be tied to the Trump presidency by the general public for a long time
« Last Edit: Today at 08:35 am by LMAO »
Logged
"I have little interest in streamlining government or in making it more efficient, for I mean to reduce its size. I do not undertake to promote welfare, for I propose to extend freedom. My aim is not to pass laws, but to repeal them." Barry Goldwater

https://www.usdebtclock.org/
Pages: [1]   Go Up
« previous next »