FORTUNE(@FortuneMagazine):The U.S. and the rest of the world have depleted most emergency reserves; a gas tax holiday is unlikely because it requires approval from a splintered Congress; U.S. refiners already are churning out products near all-time highs; and the Jones Act has been waived.

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FORTUNE@FortuneMagazine

2026.07.25 13:46

The U.S. and the rest of the world have depleted most emergency reserves; a gas tax holiday is unlikely because it requires approval from a splintered Congress; U.S. refiners already are churning out products near all-time highs; and the Jones Act has been waived.