Jones Act exemption extension targeted
It is expected that the White House will extend the Jones Act waiver in the coming days, a ten-year-old measure aimed at reducing gasoline prices and improving shipping operations within the United States. The waiver seeks to increase transportation flexibility and alleviate bottlenecks, despite President Trump's pressure on Exxon and Chevron to return profits to consumers. The current waiver expired on August 16; it was the longest in history and was used approximately 200 times over four and a half months. As the midterm elections approach, the administration is exploring options to lower prices, which currently exceed four dollars per gallon, through policies including increasing oil supplies and Trump's direct intervention to pressure companies.
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