Phillips 66 has shipped crude oil from Texas to the U.S. East Coast on a foreign-flagged tanker, the first such cargo since Washington waived the Jones Act last month, Kpler ship-tracking data shows.
Texas gas prices have fallen for the second straight week, giving drivers a bit of relief even as international oil market volatility continues, according to AAA Texas.
Curious Minds Corner
Which 1901 Texas gusher spewed oil for nine days, kickstarting the U.S. oil boom?
Spindletop near Beaumont, which shot 100,000 barrels daily at its peak, transforming Texas into an oil powerhouse.