This bill directs the Secretary of Energy to establish a Western Refined Fuel Storage Reserve as an addition to the Strategic Petroleum Reserve within six months of enactment. The reserve would store gasoline, diesel, and jet fuel in salt cavern formations located in eight Western states (Arizona, California, Idaho, Montana, Nevada, Oregon, Utah, and Washington), with a target capacity of 5 million barrels of gasoline, 3 million barrels of diesel, and 2 million barrels of jet fuel. Over the first five fiscal years, the Secretary must fill and maintain the reserve at least 75 percent full using Congressional appropriations and revenues from emergency petroleum sales. The reserve can be drawn down during energy emergencies, supply disruptions, or other circumstances affecting Western states, and the bill requires the Secretary to submit annual reports to Congress on the reserve's establishment and operations.
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