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Bill Basics
The Gas Price Gouging Prevention Act prohibits any person from selling, during a proclaimed international crisis affecting the oil markets, gasoline at a price that:

• is unconscionably excessive, and
• indicates that the seller is taking unfair advantage of the crisis to increase prices unreasonably.

The President may issue a proclamation of such a crisis that specifies the geographic area covered and how long the proclamation applies.

The bill provides for enforcement by the Federal Trade Commission and imposes enhanced civil penalties and criminal fines. It also authorizes state attorneys general to bring a civil action to enforce the prohibitions of this bill.

This is what the oil companies are doing right now by taking advantage of the Ukraine crisis to charge higher gas prices. The U.S. Senate needs to pass this bill to stop the ongoing price gouging by oil companies.