{"id":2754,"date":"2026-07-02T06:36:57","date_gmt":"2026-07-02T06:36:57","guid":{"rendered":"https:\/\/hometransferguide.com\/?p=2754"},"modified":"2026-07-02T06:36:57","modified_gmt":"2026-07-02T06:36:57","slug":"trump-accuses-gas-stations-of-price-gouging-his-former-labor-data-nominee-disagrees","status":"publish","type":"post","link":"https:\/\/hometransferguide.com\/?p=2754","title":{"rendered":"Trump Accuses Gas Stations Of Price Gouging, His Former Labor Data Nominee Disagrees"},"content":{"rendered":"<div>\n<div><!-- \/10519169\/dailycaller_incontent_1 --> <\/p>\n<p>President Trump posted on Truth Social Monday, calling for gasoline retailers to bring prices down to $2.50 per gallon, accusing them of price gouging.<\/p>\n<p>Read more <a href=\"https:\/\/hometransferguide.com\/?p=2752\">One Missing After Helicopter Makes \u2018Emergency Water Landing\u2019 Near Iran, US Navy Says<\/a><\/p>\n<p>Trump stated that gas prices were too high considering that oil costs $68 a barrel, and that if the retailers did not immediately lower their prices, they would face big problems. He specifically called out California, saying its government should stop charging heavy taxes on gas. However, economists and even investigations by government regulators have found little evidence for the claim. <strong>(RELATED: Tech Giant Joins Forces With California Following Massive Feud With Trump)<\/strong><\/p>\n<p><iframe src=\"https:\/\/truthsocial.com\/@realDonaldTrump\/116836032463779667\/embed\" width=\"600\"><\/iframe><\/p>\n<p>\u201cThe Retailers must quickly react to this statement, and do what they know is right \u2014 DROP YOUR PRICE FOR OUR GREAT AMERICAN PEOPLE!\u201d Trump wrote. \u201cThere will be no gauging, [<em>sic<\/em>] which is totally illegal. If Retailers don\u2019t do this, big problems lie ahead!\u201d<\/p>\n<p>Almost a week earlier, Trump called out the \u201cbig oil companies,\u201d whose prices were not dropping along with the price of crude oil.<\/p>\n<p><!-- \/10519169\/dailycaller_incontent_2 --> <\/p>\n<p>\u201cIn other words, customers are being \u2018gouged.\u2019 I have instructed the DOJ to immediately start looking into this,\u201d Trump stated.<\/p>\n<p><iframe src=\"https:\/\/truthsocial.com\/@realDonaldTrump\/116803130747198847\/embed\" width=\"600\"><\/iframe><\/p>\n<p>Over the last few years, the federal government and several state governments have launched investigations into whether gas stations were price gouging. According to the US Oil and Gas Association, multiple reports from the Federal Trade Commission (FTC) have come up empty-handed. What at first seemed to be intentional gasoline price disparities have turned out to be based on market factors every time. And blaming it on \u201cbig oil companies\u201d may be unfounded.<\/p>\n<p><!-- \/10519169\/dailycaller_incontent_3 --> <\/p>\n<p>\u201cMost gas stations, even ones with license branding from a major corporation, are single-store operators,\u201d EJ Antoni, chief economist for the Heritage Foundation, told the Daily Caller. \u201cIn fact, the major oil companies operate less than 1 percent of stations. The vast majority of branded stations are franchised or independently owned.\u201d<\/p>\n<p>Read more <a href=\"https:\/\/hometransferguide.com\/?p=2750\">Strengthening El Ni\u00f1o Suppressing Tropical Development, Officially Puts Atlantic Hurricane Season Behind Schedule<\/a><\/p>\n<p>Antoni \u2014 who withdrew his nomination to serve as Trump\u2019s Bureau of Labor Statistics commissioner in August 2025 \u2014 went on to explain that there are currently high levels of uncertainty in the oil industry and depleted oil reserves. The oil supply chain cannot snap back to normal right after the Iran war ends. It takes time to level out.<\/p>\n<p>\u201cRefineries and other oil infrastructure have been delaying maintenance and running at over 100 percent capacity in some instances to mitigate price increases during the war, and now those extraordinary measures must be reversed,\u201d Antoni pointed out. \u201cThat means price increases were delayed, not eliminated.\u201d<\/p>\n<p>\u201cThere are also supply chain dynamics which prevent oil and gasoline prices from moving in lockstep sometimes. In mid Apr, for example, the American crude benchmark spiked to more than $110 while retail gasoline prices fell slightly,\u201d Antoni continued. \u201cMany wholesale and retail sellers of gasoline are now making up for previous losses when their own costs spiked.\u201d<\/p>\n<p>In addition, the oil prices Trump references are generally futures contracts, which means they are different from what the oil refineries are presently paying for crude oil. So when Trump is saying that oil is now $68 a barrel, the refineries may actually be paying more, which may contribute to the gas price.<\/p>\n<p>\u201cRefineries have been paying more than the futures price for much of the last several months\u2014a market condition called backwardation\u2014so costs within gasoline supply chains have been higher than most people realize,\u201d Antoni said. \u201cThe fastest way to bring down prices at the pump is to simply end the war with Iran.\u201d<\/p>\n<p>Read more <a href=\"https:\/\/hometransferguide.com\/?p=2748\">WNBA Commissioner Sticks Up For Alyssa Thomas After She Was Suspended For Flagrant Foul On Caitlin Clark<\/a><\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>President Trump posted on Truth Social Monday, calling for gasoline retailers to bring prices down to $2.50 per gallon, accusing them of price gouging.<\/p>\n","protected":false},"author":1,"featured_media":2753,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[224,82,718,757,2874,53,952],"class_list":["post-2754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting","tag-gas-prices","tag-iran-war","tag-oil-and-gas","tag-president-donald-trump","tag-price-gouging","tag-strait-of-hormuz","tag-truth-social"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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