Trump Shipping Waivers Have Limited Impact on Gas Prices
President Trump's waivers allowing foreign vessels to transport fuel between domestic ports have had little effect on retail gasoline prices due to high international shipping rates and low volumes. Data shows the shipments accounted for only a small fraction of daily national consumption.
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United States President Donald Trump's domestic shipping waivers failed to lower gasoline prices significantly, as shipments totaled just 84,000 barrels per day. National fuel prices averaged $4.49 per gallon on Tuesday morning, compared to under $3 before the conflict began. High shipping rates and low volumes limited Trump’s domestic shipping waivers effectiveness in curbing inflation before the November midterm elections.
