Emergency Petroleum Supply Act

Emergency Petroleum Supply Act - Amends the Energy Policy and Conservation Act to require, with respect to each offering of crude oil or petroleum products during a drawdown of the Strategic Petroleum Reserve (SPR), that: (1) purchasers located in insular areas of the United States, upon submitting binding offers, are entitled to purchase such oil or products at a price equal to no more than the average of the successful bids made for the remaining quantity of such oil or products; and (2) vessels arriving at an SPR delivery line to take on such oil or products for delivery to such purchasers are loaded ahead of other vessels if the Governor of the insular area requests that delivery be expedited to avert a critical supply shortage.