Fair and Transparent Gas Prices Act of 2023

The Fair and Transparent Gas Prices Act of 2023 requires the Federal Trade Commission (FTC) to study whether oil and gas companies engage in anti-competitive or collusive conduct that inflates consumer prices, delays fuel supply, or restricts alternative energy options. The FTC must investigate specific practices like reducing fuel production investments, stock buybacks, and impacts on alternative fuel availability, working with state attorneys general. The study mandates a report to Congress within one year (and annually for two more years) with findings and recommendations for legislative or administrative action. This bill directly affects the FTC, oil and gas companies, and state attorneys general through its study requirements and funding ($15 million annually for 2024-2025), but does not change existing laws or prices.