US President Donald Trump publicly singled out some of the world's largest oil companies on Thursday, accusing them of failing to pass lower crude oil prices on to consumers.
He warned that his administration is investigating potential "price gouging" at the petrol pump.
Speaking to reporters, Trump named several major energy firms, including ExxonMobil, Chevron, Shell and BP, arguing that gasoline prices should be significantly lower given the recent decline in oil prices.
"It's ExxonMobil, it's Chevron, it's Shell, it's BP, it's a lot of them," Trump said. The president claimed Americans are not seeing the full benefit of falling energy costs despite a drop in crude prices in recent weeks, according to a video reposted by Financial Press.
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