Why Aren’t Americans Seeing Lower Gas Prices?
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Why Aren’t Americans Seeing Lower Gas Prices?
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The critics say foreign ships can transport American fuel for less, but why aren't consumers seeing meaningful savings at the pump?
In this episode of the American Maritime Podcast, host Jennifer Carpenter speaks with David St. Amand, president of Navigistics Consulting, about the economics of fuel transportation and the ongoing Jones Act waiver.
Drawing on his analysis of petroleum markets, St. Amand examines how much gasoline moves aboard American vessels, the actual cost of domestic maritime transportation and why lower shipping costs do not necessarily translate into lower prices for consumers.
The conversation also explores how refiners and energy traders have profited this past year, the availability of American vessels and the challenges of financing new oceangoing ships.
St. Amand also examines alternative approaches to reducing fuel costs and what the available data reveals about the relationship between shipping and prices at the pump.
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