President Donald Trump demanded that U.S. oil companies immediately lower gasoline prices on Monday after crude futures plunged following his decision to suspend another planned military strike on Iran. Oil Prices DOWN, NOW!” Retail fuel prices typically lag changes in oil markets because stations continue selling inventory purchased at earlier wholesale prices. Retail gasoline prices typically adjust more slowly because refiners, wholesalers and retailers continue selling fuel purchased at earlier crude prices. Trump’s latest demand places those earnings alongside falling oil prices as his administration pushes the industry to pass lower crude costs through to consumers.