Federal Energy Price Protection Act of 2006

The Federal Energy Price Protection Act of 2006 (H.R. 5253) aims to prevent price gouging by making it illegal to sell crude oil, gasoline, diesel, heating oil, or biofuels at unconscionably high prices. The bill authorizes the Federal Trade Commission (FTC) and state attorneys general to investigate and penalize companies found to be taking unfair advantage of consumers during energy shortages. For everyday citizens, this legislation is designed to provide federal protection against sudden, extreme spikes in fuel costs by establishing clear legal consequences, including significant civil and criminal penalties, for sellers who engage in exploitative pricing practices.