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Gas Price Investigation: Are Market Manipulations Affecting Your Wallet?

This act directs the Federal Trade Commission (FTC) to investigate whether gasoline prices are being artificially inflated. The goal is to determine if market manipulation or price gouging practices are impacting how much you pay at the pump. The findings will help Congress develop strategies to protect consumers from unfair practices.
Key points
The FTC will investigate if gasoline prices are manipulated, for example, by reducing refinery capacity or through price gouging.
The Commission will consider the impact of mergers and acquisitions in the oil and gas industry on fuel prices.
Within 270 days, the FTC will submit a report to Congress with findings and a long-term strategy.
One million dollars is authorized for the FTC to carry out this section for fiscal year 2023.
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Additional Information
Print number: 117_HR_7550
Sponsor: Rep. Demings, Val Butler [D-FL-10]
Process start date: 2022-04-21
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Oil and Gas Industry Antitrust Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7550.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-04-21.

What are the main provisions?

Key points include:

  • The FTC will investigate if gasoline prices are manipulated, for example, by reducing refinery capacity or through price gouging.
  • The Commission will consider the impact of mergers and acquisitions in the oil and gas industry on fuel prices.
  • Within 270 days, the FTC will submit a report to Congress with findings and a long-term strategy.
  • One million dollars is authorized for the FTC to carry out this section for fiscal year 2023.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Demings, Val Butler [D-FL-10].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Courts and Law