Trump Orders DOJ Probe into Gas Price Gouging While Nigerians Endure High Pump Costs

President Trump has called on the US Department of Justice to investigate fuel stations for possible price gouging after crude prices plunged. He noted that oil companies haven’t passed on the savings at the pump despite six straight weeks of lower wholesale costs. US benchmarks have dropped on signs of easing tensions around the Strait of Hormuz. Brent crude slid to about $76.46 per barrel and West Texas Intermediate to $72.61 amid reports of resumed tanker traffic. In contrast, Nigeria’s federal government has yet to launch any inquiry or issue a statement. Many Nigerians feel abandoned as private marketers keep pump prices high despite the free-fall in global crude prices.

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