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.

Read more from G Captain ▶

You also might like...
Chinese Hacking Targets European Cargo Shipping
Chinese Hacking Targets European Cargo Shipping

A top cybersecurity firm, ESET, has uncovered Chinese hacking attempts in the European cargo shipping industry, marking the latest instance of China-aligned groups infiltrating Western economic infrastructure.

Peloton Files Federal Complaint Against Flexport Over Unreasonable Charges
Peloton Files Federal Complaint Against Flexport Over Unreasonable Charges

Peloton has lodged a complaint against digital freight forwarder Flexport with the Federal Maritime Commission, alleging that Flexport's practices resulted in millions of dollars in unreasonable demurrage and detention charges.

Oil Prices Fluctuate Amid Conflicting Demand Signals
Oil Prices Fluctuate Amid Conflicting Demand Signals

Oil prices fluctuated within a tight range on Friday, as investors weighed mixed signals from the world's top oil consumers, China and the U.S. Brent crude slipped 13 cents to $83.75 per barrel, while West Texas Intermediate (WTI) fell 4 cents to $79.22.

Senate Passes $105 Billion Bill to Boost Air Travel Safety and Customer Service
Senate Passes $105 Billion Bill to Boost Air Travel Safety and Customer Service

The Senate passed a $105 billion bipartisan bill to improve air travel safety and customer service.

Geologic Hydrogen Is The Next Clean Energy Revolution in the United States
Geologic Hydrogen Is The Next Clean Energy Revolution in the United States

Imagine it's 2024 and the U.S. is on the brink of a modern-day gold rush, but this time, it's all about a new, clean energy source buried right beneath us—geologic hydrogen.

Biden Administration Proposes Reclassification of Cannabis, Potentially Easing Federal Restrictions
Biden Administration Proposes Reclassification of Cannabis, Potentially Easing Federal Restrictions

The Biden administration is gearing up to make a historic shift by planning to reclassify cannabis under federal law.

Baltimore Files Legal Claims Against Cargo Ship Owners for Bridge Collapse
Baltimore Files Legal Claims Against Cargo Ship Owners for Bridge Collapse

The City of Baltimore is holding the owner and manager of the cargo ship responsible for the tragic collapse of the Francis Scott Key Bridge last month.

California Fast Food Chains Raise Prices in Response to Minimum Wage Increase
California Fast Food Chains Raise Prices in Response to Minimum Wage Increase

Following California's new $20-an-hour minimum wage law that kicked in on April 1, fast food joints across the state have bumped up their menu prices.

March Performance Reflects Continued Challenges for Freight Industry
March Performance Reflects Continued Challenges for Freight Industry

In March, the freight sector didn't quite hit the usual spring upswing, with the Cass Freight Index reporting that both shipments and expenditures mostly mirrored February's figures, falling short of typical seasonal patterns.

Panama Canal Is On the Road to Recovery After Dry Season
Panama Canal Is On the Road to Recovery After Dry Season

After a challenging six months marked by the driest October in 73 years, the Panama Canal is finally seeing a turnaround.

The Big Shift in U.S. Imports: More Containers, Higher Prices
The Big Shift in U.S. Imports: More Containers, Higher Prices

Here’s a quick rundown on the latest U.S. import scene: Inflation’s not the only thing on the rise – we’re seeing a significant increase in imports from China, especially after their factories reopened post-Lunar New Year.

Debate Over Easing CDL Testing Regulations
Debate Over Easing CDL Testing Regulations

The Federal Motor Carrier Safety Administration (FMCSA) has proposed a rule to simplify the process for obtaining a Commercial Driver’s License (CDL), aiming to address the driver shortage in the trucking industry.

California's Minimum Wage Increase Effects Popular Fast Food Pizza Chain
California's Minimum Wage Increase Effects Popular Fast Food Pizza Chain

Recently, Mod Pizza closed five of its locations in California just before the state implemented a significant minimum wage hike for fast food workers.

Progress in Baltimore Bridge Collapse Cleanup
Progress in Baltimore Bridge Collapse Cleanup

The Unified Command, a coalition involving the U.S. Coast Guard, U.S. Army Corps of Engineers, and other key agencies, has started a crucial phase in the aftermath of the Baltimore bridge collapse.

Investigation Launched After New Boeing 737 Incident
Investigation Launched After New Boeing 737 Incident

The U.S. airline regulators are looking into an unusual incident where a part of a Boeing 737-800’s engine came loose during takeoff.

Baltimore Bridge Collapse Has Quick Updates
Baltimore Bridge Collapse Has Quick Updates

In Baltimore, officials have quickly established a temporary shipping route around the Francis Scott Key Bridge collapse site to resume port operations.

Biden Commits to Federal Funding for Baltimore Bridge Reconstruction Amid Criticism
Biden Commits to Federal Funding for Baltimore Bridge Reconstruction Amid Criticism

After the recent collapse of the Francis Scott Key Bridge in Baltimore due to a container ship collision, resulting in six deaths, President Biden announced the federal government's commitment to fully fund the bridge's reconstruction.

Bridge Collapse at Port of Baltimore Upends Local Logistics
Bridge Collapse at Port of Baltimore Upends Local Logistics

The Francis Scott Key Bridge near Baltimore collapsed early Tuesday morning after a huge container ship hit one of its pillars.

U.S. States Gear Up for 2035 Phasing Out of Gas Cars
U.S. States Gear Up for 2035 Phasing Out of Gas Cars

Several states in the U.S., including California, Maryland, Massachusetts, New Jersey, New York, Oregon, Washington, and Rhode Island, plan to ban the sale of new gas-powered cars by 2035.

Baltimore Harbor Bridge Collapse Involving Cargo Ship Dali Claims Lives
Baltimore Harbor Bridge Collapse Involving Cargo Ship Dali Claims Lives

Early Tuesday morning, a major incident occurred at Baltimore Harbor.

Biden’s Bold Electric Vehicle Push
Biden’s Bold Electric Vehicle Push

President Biden has announced America's strictest vehicle exhaust emissions regulations yet, aiming to push the auto industry towards all-electric cars.

California Judge Upholds AB5 in Landmark Decision
California Judge Upholds AB5 in Landmark Decision

In a significant ruling, a federal judge in California rejected a challenge against the state's independent contractor law, AB5, from the trucking industry.

The Panama Canal's Sustainability Struggle
The Panama Canal's Sustainability Struggle

The Panama Canal faced a shipping crisis due to a surplus of capacity, prompting restrictions that affected global trade.

Navigating Turbulence Among Challenges and Strategies in Container Shipping
Navigating Turbulence Among Challenges and Strategies in Container Shipping

The container shipping industry is grappling with a surplus of capacity, leading to a drop in customer rates that Maersk CEO Vincent Clerc described as unsustainable during the company's annual shareholder meeting.

IEA vs. OPEC - Balancing Energy Security and Environmental Concerns
IEA vs. OPEC - Balancing Energy Security and Environmental Concerns

The world's top oil forecasters, OPEC and the International Energy Agency (IEA), are at odds over future oil demand, creating uncertainty for traders and investors.

Congress Considers Reversal of Safety Regulation Affecting Young Truck Drivers
Congress Considers Reversal of Safety Regulation Affecting Young Truck Drivers

Congress appears ready to reverse a safety regulation that has hindered younger drivers from participating in a trucking program, as outlined in a bipartisan budget bill.

Danish Investors Push DSV on ESG Concerns in $10 Billion Neom Joint Venture
Danish Investors Push DSV on ESG Concerns in $10 Billion Neom Joint Venture

Danish investors in DSV are pressing the logistics giant regarding environmental, social, and governance aspects of its $10 billion joint venture in Saudi Arabia, supporting the Neom mega-city project.

EU Approves CMA CGM's Acquisition of Bolloré Logistics with Conditions to Safeguard Fair Competition
EU Approves CMA CGM's Acquisition of Bolloré Logistics with Conditions to Safeguard Fair Competition

The European Commission gave the green light to CMA CGM's acquisition of Bolloré Logistics SE, with conditions, following an investigation into potential competition issues.

Supreme Court Faces Social Media Regulation Debate
Supreme Court Faces Social Media Regulation Debate

The US Supreme Court is tackling two crucial cases that could reshape social media's landscape.

U.S. Coal Power Plant Shutdowns Outpacing Predictions
U.S. Coal Power Plant Shutdowns Outpacing Predictions

In the dynamic landscape of transitioning to cleaner energy sources, the latest clean energy report from BloombergNEF and the Business Council for Sustainable Energy reveals a surprising trend: U.S. coal-fired power plants are closing their doors at a swifter pace than previously anticipated.

Jennifer Joslyn
Previous

Port of Seattle union workers in dispute with terminal
Next

China’s Yangtze River records lowest levels, threatens hydro-power plants