Valero Secures Biden’s First Jones Act Waiver for Foreign Tanker
- Consumers urged not to hoard gasoline as pipeline resumes
- Waiver permits a foreign tanker to deliver gasoline, jet fuel
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The Biden administration temporarily eased century-old U.S. shipping requirements so a foreign tanker could transport gasoline and jet fuel to the East Coast for Valero Energy Corp. to the East Coast, according to two people familiar with the matter.
The waiver announced on Thursday gives the refiner a limited exemption from 101-year-old Jones Act requirements that goods transported between U.S. ports be carried on domestically built and crewed ships.