Trump Considers Jones Act Waiver By July: What Do Prediction Markets Say?
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Prediction markets indicate a 62% chance that the Trump administration will waive the Jones Act domestic shipping requirement by June 30. This could benefit Gulf Coast refiners like Valero Energy, allowing them to use cheaper foreign tankers for fuel transport, potentially saving East Coast motorists about 10 cents per gallon. However, it poses a threat to companies like Kirby Corporation and Matson Inc., which could face increased competition. The White House is considering a temporary waiver for energy and agricultural shipments amid rising fuel prices due to geopolitical tensions.
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