Suspending the federal gas tax, which would require Congress to agree, would drop gas prices only about 4% – less in high-cost states like California.
Articles on Jones Act
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As US gas prices climb, politicians are looking at ways to lower them. An economist breaks down what does − and doesn’t − move the number on the sign at the gas station.
Suspending the Jones Act will increase the supply of fuel by allowing foreign-flagged ships to transport oil between US ports, which should eventually educe gas prices.
