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Treasury Targets Gas Prices Before July 4 | Raleigh News
The Treasury is cracking down on gas stations as pump prices lag behind falling crude oil costs, calling the slow drop a “feather” phase of the infamous “rockets and feathers” pricing pattern — and warning retailers they’re being watched. Secretary Scott Bessent, echoing President Trump’s push for prices to hit $2.50, insists stations padded profits during high oil prices and must now pass savings to consumers before July 4th, when record travel is expected. While stations argue thin margins and summer blends keep prices elevated, the administration is demanding faster cuts — and the nation…
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