President Donald Trump has issued a blunt ultimatum to gasoline retailers nationwide, demanding they immediately cut prices at the pump to around $2.50 per gallon. In a June 29, 2026, Truth Social post, Trump noted that crude oil has fallen to $68 per barrel and is “heading south,” yet pump prices remain too high.
“Gasoline Retailers must get their Prices down, IMMEDIATELY!” Trump wrote. “There will be no gauging, which is totally illegal. If Retailers don’t do this, big problems lie ahead! Start targeting around the $2.50 a Gallon number.”
He specifically singled out California, accusing the state of charging “such heavy Taxes on their Gasoline” that the tax burden will soon exceed the cost of the fuel itself. Trump claimed California’s policies abuse its residents and said neither the United States nor its people will tolerate it.
The statement builds on earlier actions in which Trump directed the Department of Justice to investigate major oil companies for alleged gouging after pump prices failed to track falling crude costs. With the national average hovering near $3.90 per gallon, the President is applying direct public pressure on retailers and high-tax states to pass savings to consumers more quickly.
Critics argue that market realities—such as existing inventory costs, refining, and transportation—prevent instant price drops and question whether such demands cross into improper government interference with private business. Supporters see it as necessary accountability to protect American families from inflated energy costs.
What do you think about President Trump putting the oil companies, California, and other states on notice? Will they bow to this pressure and deliver lower prices quickly? Share your thoughts in the comments.