AssetID: 55799777
Headline: UNCAPTIONED: Trump Orders Probe Into Petrol Price 'Gouging' Claims
Caption: Trump Orders Probe Into Petrol Price ‘Gouging’ Claims. President Donald Trump says he has ordered an investigation into major energy companies over claims they are failing to pass lower oil prices on to consumers. Trump accused fuel firms of “gouging” motorists by keeping petrol prices high despite a recent decline in crude oil costs. In a social media post, he said he had instructed the Department of Justice to look into the issue immediately. The president argued that prices at the pump should be falling much faster than they currently are. Oil prices surged earlier this year after conflict involving Iran disrupted shipping through the Strait of Hormuz, a key route for global energy supplies. Although crude prices have since retreated from their peak levels, they remain above where they were before the conflict began. The White House has not identified any specific companies targeted by the investigation. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,US President,Donald Trump,ordered,investigation,major energy companies,claims,failing,pass,lower,oil prices,consumers,crude oil,costs,decline,gouging,motorists,DOJ,social media
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