Energy Secretary signals another Jones Act waiver extension as gas prices stay elevated

Published Aug 5, 07:55 PM UTC

U.S. Energy Secretary Chris Wright announced on August 5, 2026, that another temporary extension of the Jones Act waiver is likely, citing its success in lowering energy prices in California and the East Coast. The current waiver, set to expire on August 16, is already the longest suspension of Jones Act rules in history. The administration faces political pressure as gasoline prices average above $4 per gallon nationwide, exacerbated by the U.S.-led war with Iran affecting Strait of Hormuz oil flows. While industry analysts say the waiver trims prices by only pennies per gallon, it remains a key near-term tool ahead of midterm elections. The move faces opposition from Republican lawmakers like House Speaker Mike Johnson and maritime groups, who warn it weakens the domestic fleet and national security. White House discussions involve trade adviser Peter Navarro, OMB Director Russell Vought, and the Energy Dominance Council. No final decision has been made, but further announcements are expected from the president.