Gasoline Export Ban Act of 2026

This legislation, titled the "Gasoline Export Ban Act of 2026," directs the President to implement a prohibition on the exportation of gasoline produced in the United States during specific periods of high domestic prices. This ban is triggered when the average price for gasoline in the U.S. has been equal to or higher than $3.12 per gallon for seven consecutive days, and it concludes when the price falls below that level for seven consecutive days. The term "gasoline" is specifically defined by its Harmonized Tariff Schedule subheading.

Despite the general prohibition, the bill grants the President discretion to exempt certain exports if deemed consistent with the national interest and the overall purposes of the Act. Furthermore, the President is authorized to establish appropriate and necessary terms and conditions for the implementation of this export ban. These provisions aim to stabilize domestic gasoline prices by restricting supply outflow during periods of elevated cost to consumers.