Trump's Shipping Waiver Does Not Boost Oil Flows Within US; Fuel Exports Soar

By Shariq Khan and Anushree Mukherjee

NEW YORK, April 6 (Reuters) – U.S. President Donald Trump’s move allowing foreign-flagged cargo ships to move fuel and other goods between domestic ports has so far had little impact on American oil supply, according to trade data and analysts who noted that U.S. refiners and shippers are earning more profits sending fuel overseas.

Last month, Trump waived Jones Act limitations for 60 days starting March 17, hoping the move would help tame the surge in fuel prices caused by the Iran war by increasing shipments from the U.S. Gulf Coast to other coastal markets in the country.

So