Refiners, Not Consumers, Are Biggest Winners From Jones Act Waiver, OSG CEO Says

AI Summary

The Jones Act waiver issued under the Trump administration has primarily benefited U.S. refiners rather than consumers, failing to lower fuel prices significantly. This analysis highlights the economic impacts of maritime regulation on the refining sector and fuel markets.

The Trump administration’s emergency Jones Act waiver has delivered a windfall to U.S. refiners while doing little to lower fuel prices for consumers, according to a new analysis from the...