Trump slashed gas prices with one quiet move. Here's why you didn't hear about it
President Donald Trump is to be congratulated on extending the waiver of the century-old Jones Act, which enables more oil to be shipped from the Gulf Coast to California and to the Northeast, reducing prices to American families.
TL;DR
- A waiver of the Jones Act, which restricts U.S. port shipping to U.S.-built, owned, flagged, and crewed ships, has been extended.
- The waiver allows more oil to be shipped from the Gulf Coast to California and the Northeast, contributing to reduced prices for American families.
- The Jones Act, intended to boost U.S. shipbuilding, has instead weakened the industry and increased the cost of goods.
- Maritime unions oppose the waivers, citing concerns about national security and American jobs.
- Despite the economic benefits of the waivers, the administration has highlighted shipbuilding initiatives, potentially for political reasons.