Apparently the Frist-backed Senate gas gouging bill exempts wholesale gouging and only applies to retail gouging. I have no idea if the big oil companies are engaged in wholesale price gouging, but that's the only type of gouging which will have any actual impact on people. Otherwise we're just talking about preventing the occasional and isolated jacking up of the price by a local gas station. Big whoop.
The language includes this bit:
It is unlawful for a [sic] any person to increase the price at which that person sells, or offers to sell, gasoline or petroleum distillates to the public (for purposes other than resale) in, or for use in, an area covered by an emergency proclamation by an unconscionable amount while the proclamation is in effect.