New York is desperate to avoid a gasoline shortage

FuelNuts & BoltsShortagesHot Spots
Written By Jennifer Joslyn

The Jones Act is a 100-year-old shipping law that requires all goods moved between American ports to be transported on domestic ships, and those happen to be some of the most expensive. New York, in desperation to avoid a gasoline shortage as its inventories deplete, is willing to pay those premiums. Currently, New York reserves are at their lowest since record-keeping of them began three decades ago.

American-built ships are heading to the New York Harbor region from Louisiana and Texas, full to the brim with gasoline.

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Jennifer Joslyn
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