Claims that waiving the Jones Act would lower U.S. gasoline prices ignore a key reality: global tanker freight markets. Current Worldscale rates suggest foreign-flag tankers would likely deliver fuel at a higher cost than Jones Act vessels.
Claims that waiving the Jones Act would lower U.S. gasoline prices ignore a key reality: global tanker freight markets. Current Worldscale rates suggest foreign-flag tankers would likely deliver fuel at a higher cost than Jones Act vessels.