Truth:
The cost of gasoline is primarily driven by the price of crude oil and the processing of gas, which is spiking. The Jones Act is not a cost driver for increased gas prices, representing an average of less than one cent per gallon of the overall cost of gasoline.
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In response to the article: “East Coast Gas Would Only Drop a Dime If Jones Act Lifted, Says JPMorgan” – June 2022
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