Bill > HB2696

This bill mandates that the Arizona Commerce Authority (ACA) prioritize reducing fuel and gas prices in the state, using all available resources and existing programs to achieve this goal, with this directive set to expire on December 31, 2029. Additionally, the ACA is required to collaborate with the oil and gas industry to study various aspects related to fuel prices, including the potential repeal of Arizona's cleaner burning gasoline blend and the evaluation of alternative, lower-cost blends, the feasibility of constructing new refined products pipelines and establishing a strategic oil and gas reserve, and the opportunity to build new refineries, potentially including restarting a previously proposed Yuma County oil refinery. The ACA must also provide regular progress updates on fuel prices and their studies to legislative committee chairpersons and submit a final report with findings and recommendations to the governor and legislative leaders by October 1, 2026.

Agriculture and Natural Resources

https://apps.azleg.gov/BillStatus/BillOverview/84503