Trump’s Jones Act waiver extension unlikely to lower gasoline prices

MacroCommodity
โดย Oilprice.com·US·Read original
Summary · why it matters

President Trump is weighing another suspension of the Jones Act as gasoline prices above $4 a gallon threaten Republican midterm prospects, but the initial waiver barely moved pump prices. Shipping costs account for only a small part of what Americans pay at the pump, with one expert estimating the March suspension lowered East Coast prices by about 3 cents. The 60-day exemption, set to expire August 16, allowed foreign-flagged vessels to move oil and fuel between domestic ports, yet data showed roughly 95% of waiver voyages were handled by foreign operators. Trump faces opposition from House Speaker Mike Johnson and over 50 Republican lawmakers who argue the waiver undermines American maritime jobs and national security, while Senator Maria Cantwell contends it has failed to lower fuel prices and creates instability for U.S. shipbuilding.

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