A bill to repeal the Emergency Daylight Saving Time Energy Conservation Act of 1973, and to provide for daylight saving time for 8 months during each calendar year.

Provides, under the Federal Energy Administration Act of 1973, for equitable allocation of costs among different petroleum products. Requires that rules under this Act shall require that only those costs directly related to the production of liquefied petroleum gas may be allocated by any producer to any gas for purposes of establishing any price for such gas.