The Gasoline Price Reduction Act of 2004 caps the number of so-called boutique fuels at the current level and would allow communities faced with a gasoline shortage due to unforeseen circumstances a waiver to use conventional gasoline rather than the special blends mandated by federal law.
The legislation also promotes the consolidation of such fuels into three pre-approved federal fuels from which ozone non-attainment areas can choose.
"Unless we act now to bring some common sense back to our nation's gasoline system, gas price spikes will only get worse in the years ahead," Ryan said. "Current policy has led to the proliferation of very specialized fuels, tight supply, and higher gas prices that hurt drivers and small businesses. We need to simplify our fuel system and stop the spread of boutique fuels so we can have more stable gas supplies and prices."
The legislation is due to be considered Tuesday by the full House.