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Crude Oil and Gasoline Export Ban: Lower Fuel Prices for Americans

This bill aims to lower fuel prices in the United States by prohibiting the export of domestically produced crude oil and gasoline. This means more fuel will remain in the domestic market, potentially leading to lower gas station costs for drivers. The ban will remain in effect until the average gasoline price drops to early 2022 levels or the conflict between Russia and Ukraine ends.
Key points
Prohibits the export of U.S.-produced crude oil and finished motor gasoline to increase domestic supply.
Aims to potentially lower gasoline prices at the pump, impacting citizens' personal finances.
The ban will last until the national average price of unleaded gasoline returns to its January 1, 2022 level or the Russia-Ukraine conflict formally ends.
The President can grant exemptions for national interest or security purposes.
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Additional Information
Print number: 117_HR_7102
Sponsor: Rep. Maloney, Sean Patrick [D-NY-18]
Process start date: 2022-03-16