Transportation Fuel Market Transparency Act

This bill expands existing federal laws to require greater transparency and reporting in the transportation fuel market, which includes gasoline, diesel, jet fuel, and biofuels. It directs the Federal Trade Commission to create a new unit dedicated to monitoring crude oil and fuel markets for unfair practices, such as market manipulation or the reporting of false data. The legislation also mandates that the Department of Energy conduct detailed surveys of energy companies to collect and publish specific data on fuel buying, selling, storage, and pricing. Additionally, the bill increases the maximum civil penalty for violating these transparency rules from $1 million to $2 million and requires the FTC to report on its enforcement history.