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Daily business news and economic stories
Aug 30, 2022

Here’s what happens when foreign ships can’t deliver heating oil by sea

First, reports on consumer confidence and jobs emerged today, offering up a clearer picture on what’s been a weird economy thus far. We delve into the Jones Act and its role in heating oil shortages. The BBC reports on the arrival of a grain ship in time to aid drought-ridden east Africa. The spike in diesel fuel prices has left an impact on rural business.

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In rural Alaska, the gas that powers electricity-producing generators is delivered by barge or air. Brevig Mission residents expect prices to climb when the next delivery comes.
In rural Alaska, the gas that powers electricity-producing generators is delivered by barge or air. Brevig Mission residents expect prices to climb when the next delivery comes.
Tashka/Getty Images

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The Team