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Author Topic: Why aren’t gas prices falling? Trump wants answers.  (Read 269 times)

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Online mystery-ak

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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

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https://www.bizpacreview.com/2026/06/24/why-arent-gas-prices-falling-trump-wants-answers-1647607/
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Online Wingnut

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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.
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Offline andy58-in-nh

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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.
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Online corbe

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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.
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Online Wingnut

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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!!
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Offline IsailedawayfromFR

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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.
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Online bigheadfred

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Re: Why aren’t gas prices falling? Trump wants answers.
« Reply #6 on: Today at 06:19 am »
$3.89 to $4.09 here.
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Re: Why aren’t gas prices falling? Trump wants answers.
« Reply #7 on: Today at 06:46 am »
He's an economic ignoramus.

 :pootrump:
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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.
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Re: Why aren’t gas prices falling? Trump wants answers.
« Reply #9 on: Today at 06:51 am »
$3.649 here around the Beltway
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Online catfish1957

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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.
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Online LMAO

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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 »
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Online mountaineer

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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).
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Offline DefiantMassRINO

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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.
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Online LMAO

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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 »
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