White House expected to extend Jones Act waiver to lower petrol prices

Published Aug 4, 10:44 PM UTC

The White House is expected to extend a waiver of the Jones Act, a US maritime law requiring goods shipped between US ports to be carried on American-built, owned, and crewed vessels. The waiver aims to increase fuel supply and lower petrol prices for consumers. US Energy Secretary Chris Wright stated that fuel prices should decrease in the coming weeks. The move is part of the Trump administration's broader effort to address high fuel costs ahead of the 2026 midterm elections. The Jones Act waiver allows foreign-flagged tankers to transport fuel between US ports, potentially easing supply bottlenecks and reducing prices at the pump.