Trump's domestic shipping waiver has not cut gasoline prices by much, data shows

Reuters reports that President Donald Trump’s waivers allowing foreign-flagged ships to transport oil and fuel between U.S. ports have had little effect on high domestic gasoline prices. Elevated shipping rates and relatively small fuel volumes moved so far have limited any pass-through to consumers. The policy appears to be a modest logistical adjustment rather than a near-term solution for pump prices.

Analysis

Reuters reports that President Donald Trump’s waivers allowing foreign-flagged ships to transport oil and fuel between U.S. ports have had little effect on high domestic gasoline prices. Elevated shipping rates and relatively small fuel volumes moved so far have limited any pass-through to consumers. The policy appears to be a modest logistical adjustment rather than a near-term solution for pump prices.