The Jones Act 🇺🇸 (which restricts all shipments from one US port to another to US ships) substantially increases US petrol prices. Eliminating the Jones Act would reduce average prices for East Coast gasoline ⛽, jet fuel ✈️, and diesel 🚛 by $.63, $.80, and $.82 per barrel, with massive benefits for consumers.
Read Full Article
#JonesAct #GasPrices #FuelCost #EconomicPolicy #ConsumerBenefits
Read Full Article
#JonesAct #GasPrices #FuelCost #EconomicPolicy #ConsumerBenefits
The Journal of Law and Economics
Impacts of the Jones Act on US Petroleum Markets | The Journal of Law and Economics: Vol 68, No 4
Abstract We study how the Jones Act—a US regulation passed in 1920 that constrains domestic waterborne shipping—affects US markets for crude oil and petroleum products. We collect data on US Gulf Coast and East Coast fuel prices, movements, and consumption…
👎1👏1🤯1