Why Gas Prices Aren’t Falling as Fast as Oil—And Why Trump Wants Answers

Washington D.C., Wednesday, 24 June 2026.
Crude oil prices have plunged nearly 40% since May, yet U.S. gas prices remain stubbornly high—just 2% lower than their peak. Trump’s DOJ probe targets oil companies, accusing them of ‘gouging’ consumers despite record profits. With midterms looming, the move sharpens political pressure on an industry already under fire for lagging price cuts. Analysts warn refining bottlenecks and regional shortages may explain the gap—but voters aren’t buying it.