White House set to extend Jones Act waiver as Trump hunts for cheaper gasoline: Report
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 coming days, aiming to maintain fuel supply flexibility as President Donald Trump seeks to lower gasoline prices currently averaging over $4 a gallon.
- Used nearly 200 times over four and a half months through the end of July, the exemption has become the program's longest suspension, while Trump escalated pressure on Exxon and Chevron to return money to consumers.
- AMP President Jennifer Carpenter criticized the extension, stating, "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 including windfall taxes are economically risky, leaving the waiver as a limited tool ahead of November midterm elections.
23 Articles
23 Articles
The Economic Times
White House set to extend Jones Act waiver as Trump hunts for cheaper gasoline
The White House plans to extend a Jones Act waiver to reduce gasoline prices. This waiver increases shipping flexibility and eases transport bottlenecks for fuel. President Trump is increasing pressure on oil companies to lower prices for consumers. Critics argue the waiver benefits foreign operators and undermines domestic maritime interests. Administration officials are still discussing potential changes to the waiver's scope.
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Energy Secretary Signals Trump Likely to Extend Jones Act Waiver Again
U.S. Energy Secretary Chris Wright said the Trump administration is likely to extend its temporary emergency waiver of the Jones Act again, arguing the measure has helped move energy supplies...
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