To authorize drawdown and distribution from the Strategic Petroleum Reserve in the case of severe emergency supply interruptions on a State or regional level.

[AI summary unavailable — showing source text] Amends the Energy Policy and Conservation Act to declare that a severe energy supply interruption is deemed to exist if the President determines that a severe increase in petroleum product prices is likely to cause a major adverse impact upon a State or regional economy, as well as on (as under current law) the national economy.…