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Market Chatter: White House Set to Extend Jones Act Waiver in Bid to Lower Gas Prices

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The Trump administration is expected to extend a waiver of the Jones Act in the coming days to keep a lid on gasoline prices, Reuters reported Tuesday, citing unnamed sources.

The Jones Act requires cargo moving between US ports to be carried by US-built ships, owned by US companies and operated by American crews, the report said.

The White House didn't immediately reply to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $154.78, Change: $-0.28, Percent Change: -0.18%

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