The proposed bill would amend current statutes by mandating the Arizona Commerce Authority (ACA) to utilize all available resources to reduce fuel and gas prices in the state, designating this reduction as a primary objective. The ACA would also be required to prioritize existing programs or incentives to achieve this goal. Additionally, the bill includes a provision that this requirement will be repealed after December 31, 2029.

Furthermore, the ACA would be tasked with collaborating with the oil and gas industry to study various topics, including the potential repeal of Arizona's cleaner burning gasoline blend, the construction of additional refined products pipelines, and the establishment of a strategic oil and gas reserve. The ACA must provide status updates to legislative committees and submit a comprehensive report by October 1, 2026, detailing findings and legislative recommendations. The bill also establishes a Fuel Resiliency Task Force within the ACA, which will be responsible for ongoing evaluations and recommendations related to fuel supply stability in Arizona.