Episode Details

Gas prices are still high despite falling crude oil costs, sparking federal scrutiny as the Justice Department and FTC urge states to investigate potential price gouging and collusion in the oil industry. President Trump has publicly accused oil companies of exploiting consumers, even setting a target price and demanding immediate action. Industry leaders counter that price drops take time to reach pumps due to market lag. With the national average at $3.82 per gallon — down from its peak but far above pre-crisis levels — both agencies are encouraging consumers to report suspected gouging, adding pressure as gas prices remain a top voter concern ahead of elections.

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