[Media Feature: NYT] U.S. Suspends Oil Shipping Rules to Ease Gas Price Pressures.
March 18, 2026 New York Times (NYT) article excerpts, featuring Cavalier Shipping insights. Written by Peter Eavis in New York.
The Trump administration said on Wednesday that it would temporarily relax a maritime law [The Jones Act] that restricts the way oil is shipped within the United States, as it seeks to stem the rise in fuel prices resulting from the war in the Middle East.
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American tankers cost about $50,000 a day more to hire than foreign vessels, said James Lightbourn, the founder of Cavalier Shipping, a ship financing advisory firm. Using non-American ships could cut transportation costs by about 5 cents per gallon of oil, Mr. Lightbourn estimates. The largest component of gasoline prices is the cost of oil, which has surged around 40 percent since the start of the war, as Iran responded by effectively shutting down oil exports from the Persian Gulf.
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Read the full article online (link below) or in print. (March 16, 2026)
Original Article:
U.S. Suspends Oil Shipping Rules to Ease Gas Price Pressures
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