Lower Prices at the Pump Act

(a) Prohibition. No person may sell or offer for sale at wholesale or at retail, and during a period of time defined under subsection (b), gasoline or any other petroleum distillate at a price that—

(1) is unconscionably excessive; and

(2) indicates such person is taking unfair advantage of the circumstances related to such period described under subsection (b) to increase prices unreasonably.

(b) Period of time. The period of time described in this subsection begins on the date of the enactment of this Act and ends on the date on which the President, in consultation with the Speaker of the House of Representatives, the Majority Leader of the Senate, the Minority Leader of the House of Representatives, and the Minority Leader of the Senate—

(1) declares that military operations against Iran which began in March 2026 have ceased indefinitely; and

(2) determines and certifies to Congress that the Strait of Hormuz is fully open and global shipping through the Strait has resumed.

(c) Factors considered. In determining whether a person has violated subsection (a), the following factors shall be considered:

(1) Whether the price charged by such person for the gasoline or other petroleum distillate at a particular location in the United States meets any of the following characteristics:

(A) Grossly exceeds the average price at which such gasoline or other petroleum distillate was offered for sale by the person during the 30-day period prior to February 28, 2026.

(B) Grossly exceeds the price at which the same or similar gasoline or other petroleum distillate was readily obtainable in such location from competing sellers during such period.

(C) Reasonably reflects—

(i) additional costs not within the control of the person that were paid, incurred, or reasonably anticipated by the person; or

(ii) additional risks taken by the person to produce, distribute, obtain, or sell the relevant gasoline or other petroleum distillate under the circumstances.

(D) Is substantially attributable to local, regional, national, or international market conditions.

(2) Whether the quantity of gasoline or other petroleum distillate the person produced, distributed, or sold at a particular location in the United States increased over the quantity that the person produced, distributed, or sold during the 30-day period prior to February 28, 2026, in such location.