EdwinAMartin
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Gee .. ya think? ... Nobody in history has ever thought of that ... You should write a book in it or something.
Trump Orders Investigation Into Price Gouging
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Gee .. ya think? ... Nobody in history has ever thought of that ... You should write a book in it or something.
Democrats have been investigating oil companies for years but at the same time load up on oil stocks.
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- #23
More so every day. MAGA will now support price controls
riseabovethis
Platinum Member
it's a distraction from the $34 billion he spent to lose a war to Iran and the $15 million he spent
to vandalise that pool. Oh I forgot the Epstein files. Oh and I forgot the slush fund he gave himself when he dropped that IRS lawsuit.
It was not clear in your OP that you think Trump was correct in pointing out the gouging that is taking place.
Oddball
Unobtanium Member
Never said that there was, Corky.
BS Filter
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We should be thankful Trump is on our side and not the oil companies.
Trump says he’s ordered investigation into oil companies over alleged price gouging
Trump says he instructed justice department to investigate oil firms over high gas prices amid Middle East conflictwww.theguardian.com
Donald Trump said on Wednesday that he had instructed the US Department of Justice to investigate oil companies for alleged price gouging, accusing them of not lowering gas prices enough amid conflict in the Middle East.
“The big oil companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for oil. Those prices are dropping like a rock! In other words, customers are being ‘gouged.’ I have instructed the DOJ to immediately start looking into this,” Trump wrote in a social media post late on Tuesday night. “Gasoline prices better start going down a lot faster than what I’m seeing!”
Oh my, he must be against business n stuff, at least according to the right wingers who got all butthurt over my pointing out supply and demand here in the US didn't change one iota.
They need to stop plundering and looting the people and domestic economy every time some Arab says 'boo' and blaming fake shortages, and not just over oil, but every other commodity critical to our economy and run by monopolies.
EdwinAMartin
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They are just reactionary parrots.
EdwinAMartin
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Okay. But I have been pointing that out for a while now. They will wreck the economy if they're allowed to.
Independent thinker
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Trump appreciates your support.Trump says he’s ordered investigation into oil companies over alleged price gouging
Trump says he instructed justice department to investigate oil firms over high gas prices amid Middle East conflict
Donald Trump said on Wednesday that he had instructed the US Department of Justice to investigate oil companies for alleged price gouging, accusing them of not lowering gas prices enough amid conflict in the Middle East.
“The big oil companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for oil. Those prices are dropping like a rock! In other words, customers are being ‘gouged.’ I have instructed the DOJ to immediately start looking into this,” Trump wrote in a social media post late on Tuesday night. “Gasoline prices better start going down a lot faster than what I’m seeing!”
Oh my, he must be against business n stuff, at least according to the right wingers who got all butthurt over my pointing out supply and demand here in the US didn't change one iota.
They need to stop plundering and looting the people and domestic economy every time some Arab says 'boo' and blaming fake shortages, and not just over oil, but every other commodity critical to our economy and run by monopolies.
Zincwarrior
Diamond Member
You are criminally naive if you think he is on your side.
BS Filter
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He's getting rid of terrorists and illegals. That's a good thing unless you hate your country.
Zincwarrior
Diamond Member
But he is not on your side.
BS Filter
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That's precisely on my side.
Dragonlady
Designing Woman
Trump says he’s ordered investigation into oil companies over alleged price gouging
Trump says he instructed justice department to investigate oil firms over high gas prices amid Middle East conflict
Donald Trump said on Wednesday that he had instructed the US Department of Justice to investigate oil companies for alleged price gouging, accusing them of not lowering gas prices enough amid conflict in the Middle East.
“The big oil companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for oil. Those prices are dropping like a rock! In other words, customers are being ‘gouged.’ I have instructed the DOJ to immediately start looking into this,” Trump wrote in a social media post late on Tuesday night. “Gasoline prices better start going down a lot faster than what I’m seeing!”
Oh my, he must be against business n stuff, at least according to the right wingers who got all butthurt over my pointing out supply and demand here in the US didn't change one iota.
They need to stop plundering and looting the people and domestic economy every time some Arab says 'boo' and blaming fake shortages, and not just over oil, but every other commodity critical to our economy and run by monopolies.
This is the ideal "look what I'm doing for you", while actually doing nothing.
How long will this investigation take? What will happen if it's found that price gouging is happening? Price gouging, while odious, isn't illegal. How will this investigation help the American people achieve lower gas prices?
Like freezing the New York rents, price controls will not work.
Nobody911
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Do you think greed is good or not? lol.Trump says he’s ordered investigation into oil companies over alleged price gouging
Trump says he instructed justice department to investigate oil firms over high gas prices amid Middle East conflict
Donald Trump said on Wednesday that he had instructed the US Department of Justice to investigate oil companies for alleged price gouging, accusing them of not lowering gas prices enough amid conflict in the Middle East.
“The big oil companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for oil. Those prices are dropping like a rock! In other words, customers are being ‘gouged.’ I have instructed the DOJ to immediately start looking into this,” Trump wrote in a social media post late on Tuesday night. “Gasoline prices better start going down a lot faster than what I’m seeing!”
Oh my, he must be against business n stuff, at least according to the right wingers who got all butthurt over my pointing out supply and demand here in the US didn't change one iota.
They need to stop plundering and looting the people and domestic economy every time some Arab says 'boo' and blaming fake shortages, and not just over oil, but every other commodity critical to our economy and run by monopolies.
That’s basically the game. Keep costs low, charge what the market will bear, and stretch the margin as far as they can.
Yeah, they can try to gouge — but it’s usually not some cartoon villain move. It’s more like squeezing people when the market’s tight.
How it happens:
- They hold prices up even after crude drops, because the fuel already in the pipe, tank, or station was bought higher.
- They blame “inventory costs” and move slow on lowering pump prices.
- They exploit shortages from refinery outages, pipeline issues, storms, wars, or peak demand.
- They lean on local market power where there’s less competition nearby.
Why it works:
- Gas is a must-have. People still gotta buy it.
- The market is messy and slow. Crude changes fast, but gas at the pump lags.
- Refining, shipping, and station supply chains take time, so companies can ride the gap.
But real talk: a lot of gas price pain is just normal market stuff, not illegal gouging. Gas prices are mostly driven by crude oil, refining, distribution, taxes, and local competition. And the FTC has repeatedly said it hasn’t found broad proof of illegal price manipulation in these markets.
So, yes, they can benefit from spike-and-slow-drop pricing, but that’s not automatically illegal gouging. It’s often market behavior, just ugly for drivers.
sources:
EdwinAMartin
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- #39
Do you think greed is good or not? lol.
That’s basically the game. Keep costs low, charge what the market will bear, and stretch the margin as far as they can.
Yeah, they can try to gouge — but it’s usually not some cartoon villain move. It’s more like squeezing people when the market’s tight.
How it happens:
- They hold prices up even after crude drops, because the fuel already in the pipe, tank, or station was bought higher.
- They blame “inventory costs” and move slow on lowering pump prices.
- They exploit shortages from refinery outages, pipeline issues, storms, wars, or peak demand.
- They lean on local market power where there’s less competition nearby.
Why it works:
- Gas is a must-have. People still gotta buy it.
- The market is messy and slow. Crude changes fast, but gas at the pump lags.
- Refining, shipping, and station supply chains take time, so companies can ride the gap.
But real talk: a lot of gas price pain is just normal market stuff, not illegal gouging. Gas prices are mostly driven by crude oil, refining, distribution, taxes, and local competition. And the FTC has repeatedly said it hasn’t found broad proof of illegal price manipulation in these markets.
So, yes, they can benefit from spike-and-slow-drop pricing, but that’s not automatically illegal gouging. It’s often market behavior, just ugly for drivers.
sources:
Some weird at attempt at rubbish, I guess. There never was a 'shortage', supply and demand remained stable here. Oil and gas aren't 'normal markets', the companies set prices to whatever they think they can get away with, not by 'market forces'; that's just some magical bullshit right wingers make up as excuses; they are 'The Market'.
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