This bill would prohibit the United States from exporting gasoline whenever average U.S. gas prices reach $3.12 per gallon or higher for seven consecutive days. The ban would remain in effect until prices fall below that threshold for seven consecutive days. The legislation would apply to gasoline produced domestically and exported internationally, affecting oil refineries and companies involved in fuel exports. The President would have authority to grant limited exemptions if deemed necessary for national interest, and can set specific terms and conditions for implementing the ban. The bill contains no specific funding requirements or expiration date, as it establishes an ongoing pricing trigger rather than a time-limited program.
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