To provide for the establishment of a Strategic Refinery Reserve.

H.R. 5365 proposes the creation of a Strategic Refinery Reserve, a government-managed network of facilities designed to refine and store petroleum products like gasoline and heating oil. This reserve would serve as a backup system, allowing the federal government to release additional fuel supplies to the public and government agencies during severe energy shortages or major supply interruptions.

For the average citizen, this bill aims to stabilize fuel availability and mitigate sharp price spikes during national emergencies or regional disasters. Additionally, the legislation would require private refinery owners to provide the government with six months' notice before closing a facility, intended to give officials time to assess and address potential impacts on the nation's fuel supply.