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Soaring gas prices prompt Trump to ease oil tanker rules - how waiving the Jones Act affects what you pay at the pump

Suspending the Jones Act will increase the supply of fuel by allowing foreign-flagged ships to transport oil between US ports, which should eventually educe gas prices. The Trump administration temporarily suspended the Jones Act on March 18, 2026, as part of its efforts to bring down soaring U.S. gasoline prices. But what does this more-than-century-old law, which originally was designed to support the shipping ind... [4607 chars]

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