"Big problems lie ahead": Trump warns US fuel retailers over high prices
The US president has warned fuel retailers that “big problems lie ahead” if they do not start charging customers less.
“Gasoline Retailers must get their Prices down, IMMEDIATELY! They’re too high considering that Oil is now at $68 a Barrel, and heading south,” Trump said in a post on Truth Social.
“The Retailers must quickly react to this statement, and do what they know is right — DROP YOUR PRICE FOR OUR GREAT AMERICAN PEOPLE! There will be no gauging, which is totally illegal. If Retailers don’t do this, big problems lie ahead!”
The closure of the Strait of Hormuz by Iran in response to Israel-US strikes early this year sent oil prices surging. But after the US and Iran signed an MoU, the prices have declined.
