Fuel Market Transparency: Protecting Consumers from Unwarranted Price Hikes.
This law expands oversight of the transportation fuel market (including gasoline, heating oil, and biofuels) to protect citizens from unjustified price increases. It establishes a dedicated unit within the Federal Trade Commission (FTC) to continuously monitor the market and prosecute manipulation. It also requires energy companies to provide detailed data on production, storage, and prices, which will be made publicly available to increase competition and transparency.
Key points
Extends the prohibition on market manipulation and false reporting to cover all transportation fuels, including biofuels and heating oil.
Establishes a new FTC unit dedicated to monitoring fuel prices and prosecuting unfair market practices.
Mandates the collection and public release of detailed data on fuel inventories, production, and prices at a regional level to help identify market anomalies.
Expired
Citizen Poll