The President of the United States, (Republican Party)threatened gas stations that do not reduce gasoline prices “immediately”. Made on Monday night (June 29, 2026) on the internet Truth Social, the Republican declared that companies that do not react could face “big problems”.
Trump said prices charged at the pump are high relative to the value of crude oil. “Retailers need to react quickly and do what they know is right – lower prices for the American people.”he wrote. The president cited a value of around US$2.50 per gallon (around US$0.66 per liter) as a reference.
In the publication, the republican accused the stations of charging abusively, a practice he classified as illegal.
The pressure on the sector is not isolated. The previous week, Trump said he had directed the United States Department of Justice to investigate companies for not reducing prices in proportion to the fall in oil prices. The North American president accused companies of abusing the amounts charged.
Oil prices have risen sharply this year following attacks by the US and Israel to the Iranfollowed by Iranian retaliations against Israel and Gulf countries that host US bases, such as the closure of the Strait of Hormuz. The movement put pressure on fuels and fueled consumer dissatisfaction in the United States.
With the midterm elections approaching in November, the cost of gasoline has become a sensitive topic for the US government. Trump and Republican allies seek to maintain their majority in Congress, and the price at the pumps is seen as a relevant factor in the electorate’s mood.
Despite a ceasefire signed in April and later extended, tensions between the US and Iran, with mutual accusations of violations. The memorandum of understanding on June 17 brought some relief to prices, but the issue remains on the White House’s political radar.
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