Exclusive-White House Set to Extend Jones Act Waiver as Trump Hunts for Cheaper Gasoline
The extension could keep fuel moving between U.S. ports as gasoline averages over $4 a gallon, according to U.S. government data.
- The White House is expected to extend the Jones Act waiver in the coming days, seeking to maintain fuel supply flexibility as gasoline prices average over $4 a gallon ahead of November midterm elections.
- Used nearly 200 times over four and a half months through July, the waiver became the program's longest suspension; Trump escalated pressure on Exxon and Chevron to return money to consumers at the pump on Monday.
- AMP President Jennifer Carpenter criticized the extension, arguing "The waiver has shifted routine domestic commerce to foreign operators, including entities linked to China and Russia, while undermining the U.S. maritime industrial base."
- Administration officials are negotiating potential changes to narrow the waiver's scope while House Speaker Mike Johnson and House Majority Leader Steve Scalise warned broad usage could weaken national security goals.
- Bob McNally, president of Rapidan Energy Group, noted that alternative measures like windfall taxes are economically risky, while the waiver would reduce gasoline prices by only pennies per gallon.
12 Articles
12 Articles
(Washington = Yonhap News) Correspondent Hong Jeong-gyu = The Donald Trump administration is strongly considering a further waiver for the 'Jones Act,' which grants shipping rights between domestic ports exclusively to domestic vessels...
The White House should extend in the coming days the exemption of the centenary Law Jones, said sources, resorting to one of the few tools available to try to contain the prices of gasoline while President Donald Trump intensifys the attacks against Exxon Mobil and Chevron because they are "making too much money". The Law Jones determines that cargo transported between American ports are taken on ships built in the United States, belonging to Am…
Exclusive-White House set to extend Jones Act waiver as Trump hunts for cheaper gasoline
By Jarrett Renshaw and Arathy Somasekhar WASHINGTON/HOUSTON, Aug 4 (Reuters) - The White House is expected to extend a waiver of the century-old Jones Act in the coming days, sources say, reaching for one of the few tools it has to try and hold down ga...
White House Weighs Extending Jones Act Waiver as Oil Prices Remain Elevated
Meanwhile, critics argue the Jones Act distorts markets, raises costs, and adversely impacts safety. The post White House Weighs Extending Jones Act Waiver as Oil Prices Remain Elevated first appeared on Le·gal In·sur·rec·tion.
Jones Act waiver has benefited Americans
Michael Purzycki argues in an op-ed printed July 26 that the Jones Act waiver is harming America, but the evidence suggests something different. Since March, the Jones Act fleet has remained fully employed, while foreign vessels have expanded domestic shipping…
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