Trump urges gasoline retailers to lower prices, warns of 'big problems' if they don't
Source: Reuters
By Kanishka Singh
June 29, 2026 5:06 PM MST Updated 53 mins ago
WASHINGTON, June 29 (Reuters) - U.S. President Donald Trump said on Monday gasoline retailers must get prices down immediately and warned that there will be "big problems" ahead if they did not do so.
Here are details:
*"Gasoline Retailers must get their Prices down, IMMEDIATELY," Trump wrote on Truth Social.
*"There will be no gauging, which is totally illegal. If Retailers don't do this, big problems lie ahead! Start targeting around the $2.50 a Gallon number," he wrote.
Read more: https://www.reuters.com/business/energy/trump-urges-gasoline-retailers-lower-prices-warns-big-problems-if-they-dont-2026-06-30/
Deuxcents
(28,437 posts)2naSalit
(105,302 posts)dweller
(29,043 posts)they cant use gauges ?
We just have to guess at gallons ?
🤔
✌🏻
Botany
(78,397 posts)The man is out to lunch. Time to call in his Ms. Harp to edit his work.
Btw does Trump know that gasoline prices are a result in a large part from the price
of oil and that oil is a traded commodity in things called oil price futures and that his
war to hide the Epstein files w/Iran the price of oil has gone up and that there is a
world wide shortage of oil too including in America too?
dave99
(815 posts)color skin is ok.
I do wonder where The United States went
UpInArms
(55,710 posts)Whats that?
Big trouble!
$2.50!
QueerDuck
(2,389 posts)ChicagoTeamster
(1,564 posts)Soon there will be gas stations closing along long stretches of rural highways and drivers will be running out of gas and then the vultures will come out and the rural crime rate will become an epidemic. Ever see the movie "The Hills have eyes"?
RockRaven
(20,168 posts)Hey, dumbass, the fossil fuel industry is not afraid of you! They own you. They own "your" Senators. They own "your" Representatives. They own "your" governors. They own "your" regulatory agencies. They will still own all of them after you are long gone from the scene.
Haggard Celine
(18,064 posts)He's going after retailers. The oil companies could get rid of him before breakfast if it suited them.
Captain Zero
(8,989 posts)Why can't the corner store just give away the Snickers and Butterfingers?
Those are the ones I like.
SpankMe
(3,821 posts)In that case, the next Dem president ought to tell the health care industry to "...get their prices down immediately or big problems will lie ahead".
Problem solved! Same with housing costs.
thesquanderer
(13,183 posts)until people give in.
Most people realize that eventually stops working.
bamagal62
(4,685 posts)Its like when my 3 year old throws herself on the floor in the grocery store because she cant get the candy bar. (I always walked away and just let her have a wobbly.)
Pinback
(13,759 posts)and institute price controls.
truthisfreedom
(23,554 posts)And their god damned gauging. Its all their fault. They started this war with their gauging ways.
littlemissmartypants
(35,849 posts)sakabatou
(46,578 posts)azureblue
(2,786 posts)who are keeping the prices high and posting record profits. Gas stations have a very slim profit margin on gas, which is why they all sell other things - to make enough profit to keep the station going. Gas is just a magnet to get people to come in..
bamagal62
(4,685 posts)VMA131Marine
(5,386 posts)At $2.50/gal retailers would be losing at least $0.70 per gallon because the wholesale spot price doesnt include delivery or taxes.
cstanleytech
(28,713 posts)If that happens he knows he'll not have enough votes to block an impeachment conviction in the Senate.
Talitha
(8,266 posts)Norrrm
(6,292 posts)Gas would have gone down to around $1.50 if he told the truth.
SalamanderSleeps
(1,081 posts)Before you flame, both lasagna and sauerbraten are somehow always featured at Thanksgiving at our house.
Factory turkey just does not cut it.
And, the milk carton tends to be the favored centerpiece.
Martin Eden
(16,142 posts)How does he plan to coerce the gas retailers into lowering their prices -- decree by social media post?
Lovie777
(24,701 posts)OAITW r.2.0
(33,040 posts)He may control the DOJ, but 2028 is gonna really ruin Don's life.
OAITW r.2.0
(33,040 posts)Discovery will be awesome.
Aussie105
(8,408 posts)Sign a few Royal Decrees (executive orders) and watch the monster that is the petro-chemical industry eat you alive!
Drum
(10,834 posts)Never gets his own little hands dirty.
SSJVegeta
(3,536 posts)Maybe trump IS an environmentalist!
riversedge
(82,450 posts)https://bingx.com/en/news/post/trump-warns-gasoline-retailers-of-big-problems-if-they-don-t-lower-prices-president-acting-like-biden
..................
President Donald Trump demanded on Monday that gasoline retailers cut pump prices immediately, warning of big problems if they fail to act, as he urged companies to move faster after crude oil prices retreated from wartime highs.
In a Truth Social post, Trump wrote that Gasoline Retailers must get their Prices down, IMMEDIATELY, adding that There will be no gauging, which is totally illegal. He told retailers to Start targeting around the $2.50 a Gallon number.
...................
The message followed comments from days earlier in which Trump said he had instructed the Department of Justice to investigate oil companies for failing to lower gasoline prices in line with falling crude costs, accusing them of gouging consumers................................
As of Monday, AAA listed the national average for regular gasoline at $3.86 a gallon, down from about $4.50 in recent months. California averaged roughly $5.45 a gallon, a $1.59 premium over the national average. The state has the highest gasoline-related costs in the country, with excise taxes, cap-and-trade costs, low-carbon fuel rules and local sales taxes adding roughly $1.20 to $1.47 per gallon.
Blumancru
(420 posts)Then why didnt he tell them to lower it sooner? And what will happen after the midterms? Back up to over $4 a gallon?
SamuelAdams
(451 posts)It will be fun to see how the GOP reacts if the next Democratic president uses these powers/threats to go after businesses the same way.
MoseShrute
(189 posts)MichMan
(17,753 posts)"American oil and gas companies should not should not exploit this moment to hike their prices to raise profits," Biden said in a speech.
Biden's beef with the energy industry isn't new.
In November, the president, under growing criticism for contributing to inflation that's been hovering at a 40-year high, asked the Federal Trade Commission to investigate "mounting evidence of anti-consumer behavior by oil and gas companies."
"The bottom line is this: gasoline prices at the pump remain high, even though oil and gas companies' costs are declining," Biden said in a letter to FTC Chair Lina Kahn.
https://finance.yahoo.com/news/oil-gas-companies-price-gouging-225315784.html
MichMan
(17,753 posts)"The problem is ... speculators and people make various bets, and they say, you know what, we think that maybe there's a 20 percent chance that something might happen in the Middle East that might disrupt oil supply, so we're going to bet that oil is going to go up real high. And that spikes up prices significantly."
U.S. Energy Secretary Steven Chu said on Tuesday he was concerned that rising crude oil and gasoline prices could undermine U.S. economic recovery.
Obama said the U.S. government was in a position to investigate unfair speculation.
Two U.S. agencies that investigate potential energy market manipulation -- the Commodity Futures Trading Commission (CFTC) and Federal Trade Commission (FTC) -- recently agreed to share information on potential probes. We're going to be monitoring gas stations to make sure there isn't any price gouging that's taking advantage of consumers," Obama said.
https://www.reuters.com/article/markets/wealth/obama-blames-speculators-for-rising-fuel-prices-idUSTRE73I5L2/
mdbl
(9,095 posts)That's where the price points are affected the most. What an idiot.
rickford66
(6,126 posts)He made 2 cents per gallon when gas was about 28 cents. So he was buying gas at 26 cents per gallon. Extrapolating to today where gas is around $4. a private station owner makes about 30 cents per gallon. Around here the private stations already have the lowest prices. The gas in their tanks is full of gallons bought at different prices. They ain't gonna lower the price.
Talitha
(8,266 posts)There were objections because those taxes are what funds our road repairs.
Any news on that?
the_liberal_grandpa
(352 posts)He means for him and the economy.
Fuel prices are artificially down mainly due to China not currently importing oil.
Don't be fooled by the futures price of oil dropping. This is pure market manipulation.
The fact is oil inventory around the globe is dropping to tank bottom and nothing, not even the orange asshole is going to stop the global effects from starting and cascading over the next several weeks. Oil executives warned us of this starting by July 4th and I think they know what they are talking about.
I expect that after the holiday you will start to see gas prices begin to climb again while inflation continues to climb out of control.
In short, we are fucked.
Raftergirl
(1,988 posts)Torchlight
(7,383 posts)GOP looks vulnerable to me at this time, he lost an unpopular (and un-American) war of aggression against an exponentially weaker nation, prices across the board are dramatically up and he's been going on about ballrooms and celebrations.
my guess is this little trumper e-tantrum of his is just him placating the reps and sens begging him not to screw up November more than he already has.