Trump orders DOJ review as gasoline prices lag oil’s sharp drop
Why it matters: Oil slid after a US-Iran interim peace deal eased Strait of Hormuz traffic, but pump prices have not fallen at the same pace.
Bloomberg, BBC News (US & Canada) +4
Subject
#Gasoline
US gas falls below $4 a gallon as Iran deal eases oil supply fears
What's new: AAA put the national average at $3.99, down for 28 straight days after a May 21 peak of $4.56.
The New York Times, Bloomberg +3
US wholesale prices jumped 1.1% in May as energy costs surged
Why it matters: The report strengthens expectations that the Fed will hold rates next week, with traders no longer pricing any 2026 cuts.