The proposed bill would establish the Gas and Petroleum Refinery Study Committee, which would consist of members knowledgeable in gasoline or petroleum refinery supply and operations, appointed by the president of the senate and the speaker of the house of representatives. The committee is required to meet at least twice a year and will not receive compensation, but members can be reimbursed for expenses. The committee's primary duties include studying the availability of gasoline and petroleum in Arizona and the feasibility of constructing refineries, with a report on its findings due by October 1, 2027.

Additionally, the bill stipulates that the committee will be repealed after December 31, 2027. It highlights the state's reliance on imported gasoline, particularly from California, and the potential risks this poses to consumers due to the lack of major oil refineries within the state. The bill aims to address these issues through the establishment of the committee and its mandated studies.