WASHINGTON – The American Maritime Partnership (AMP), the voice of the domestic maritime industry, today released the following statement responding to an unjustified Jones Act waiver request in relation to energy prices.
“This unjustified Jones Act waiver request by Gunvor would pad the profits of foreign oil traders without delivering meaningful savings at the gas pump for American families. It’s a simple fact that 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 less than one cent per gallon of the overall cost of gasoline on average. Waiving the Jones Act outsources U.S. jobs and undermines America’s long-term economic security.” – Ku’uhaku Park, President of the American Maritime Partnership
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American Maritime Partnership (AMP) is the voice of the U.S. domestic maritime industry, a pillar of our nation’s economic, national, and homeland security. More than 40,000 American vessels built in American shipyards, crewed by American mariners, and owned by American companies, operate in our waters 24-hours a day, seven days a week, and this commerce sustains nearly 650,000 American jobs, $41.6 billion in labor compensation, and more than $154.8 billion in annual economic output. You can learn more by visiting www.americanmaritimepartnership.com.