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NewsFox 5 San Diego & KUSI — Local NewsAugust 7, 2026San Diego

Senator Adam Schiff requests Department of Justice investigation into oil company pricing

Senator Adam Schiff has formally requested that the Department of Justice investigate oil companies for potential price gouging. The request follows observations that retail gas prices have not decreased in proportion to the falling costs of crude oil.

energygas pricesinvestigationDepartment of Justice
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Why It Matters

This request initiates a potential federal review into whether oil companies are artificially inflating gas prices, which directly impacts the cost of fuel for consumers.

Key Facts

  • Senator Adam Schiff has asked the Department of Justice to investigate oil companies for potential price gouging.
  • The request is based on the observation that gas prices have remained high despite a decrease in the cost of oil.
  • Former President Donald Trump has also publicly noted the discrepancy between oil costs and retail gas prices.

Who's Mentioned

personAdam Schiff“U.S. Senator requesting the investigation”organizationDepartment of Justice“Federal agency requested to conduct the investigation”personDonald Trump“Former President who also noted gas price discrepancies”