Key facts
- President Trump urged gasoline retailers to lower prices.
- Treasury Secretary Scott Bessent joined the call for lower gas prices.
- Trump warned retailers of "big problems" if prices are not lowered.
- Bessent stated that the administration is "watching" retailers.
- Trump directed the Justice Department to investigate oil companies.
President Trump and Treasury Secretary Scott Bessent have publicly called on gasoline retailers to reduce their prices. Trump issued a warning, stating that retailers could face "big problems" if they do not lower prices. Secretary Bessent echoed this sentiment, assuring that "we're watching" the actions of the retailers. In addition to these calls, President Trump has instructed the Justice Department to launch an investigation into oil companies. The administration's actions signal a direct intervention into fuel pricing, aiming to alleviate consumer costs.