Gasoline Export Ban Act of 2026
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This bill would require the President to ban U.S. gasoline exports when the national average price reaches or exceeds $3.12 per gallon.
What it does
This bill would prohibit the exportation of gasoline produced in the United States during periods of high domestic fuel prices. Specifically, the President would be required to halt exports when the average U.S. gasoline price remains at or above $3.12 per gallon for seven consecutive days. The President would maintain the authority to exempt certain exports if they are determined to be consistent with the national interest and the bill's objectives.
Who is affected
This bill affects the President of the United States, who is directed to implement and manage the gasoline export prohibition. It also impacts entities involved in the exportation of gasoline produced in the United States, as their operations would be restricted during periods of high prices unless granted a national interest exemption.
Key provisions
- Prohibition on gasoline exports during high-price periods. The bill requires the President to halt the exportation of gasoline produced in the United States when the national average price remains at or above $3.12 per gallon for seven consecutive days.
- National interest exemptions. The President is authorized to exempt specific gasoline exports from the ban if the exports are determined to be consistent with the national interest and the objectives of the legislation.
Fiscal impact
Not applicable: No CBO cost estimate available
Effective dates
Not applicable: Official Summary does not address effective dates
Relationship to existing law
Not applicable: Bill establishes wholly new authority with no reference to prior law
Stated purpose
The bill aims to manage domestic fuel costs by prohibiting the exportation of U.S.-produced gasoline during periods of high prices, specifically when the national average reaches or exceeds $3.12 per gallon for seven consecutive days.