Trump Lifts Century-Old Shipping Law; Gas Prices Drop in California and Puerto Rico
📡 Barrons · 1 min read ·
Part of composite article OPEC+ Adds 188,000 Barrels a Day as India Refuses to Kill Oil Refineries View full article →
President Donald Trump temporarily lifted the Jones Act, a 100-year-old law that restricts shipping between U.S. ports to American-built and crewed vessels. The suspension allowed foreign ships to deliver fuel to California, the Gulf Coast, and Puerto Rico. As a result, California drivers saw lower gas prices, Gulf Coast refiners gained cheaper access to crude, and Puerto Ricans received much-needed fuel supplies. The move aimed to ease supply shortages and reduce costs for consumers.