16 CFR § 317.2 - Definitions.

---
identifier: "/us/cfr/t16/s317.2"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "16 CFR § 317.2 - Definitions."
title_number: 16
title_name: "Commercial Practices"
section_number: "317.2"
section_name: "Definitions."
chapter_name: "FEDERAL TRADE COMMISSION"
subchapter_number: "C"
subchapter_name: "REGULATIONS UNDER SPECIFIC ACTS OF CONGRESS"
part_number: "317"
part_name: "PROHIBITION OF ENERGY MARKET MANIPULATION RULE"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "42 U.S.C. 17301-17305; 15 U.S.C. 41-58."
regulatory_source: "74 FR 40701, Aug. 12, 2009, unless otherwise noted."
cfr_part: "317"
---


# 317.2 Definitions.

The following definitions shall apply throughout this Rule:

(a) *Crude oil* means any mixture of hydrocarbons that exists:

(1) In liquid phase in natural underground reservoirs and that remains liquid at atmospheric pressure after passing through separating facilities; or

(2) As shale oil or tar sands requiring further processing for sale as a refinery feedstock.

(b) *Gasoline* means:

(1) Finished gasoline, including, but not limited to, conventional, reformulated, and oxygenated blends; and

(2) Conventional and reformulated gasoline blendstock for oxygenate blending.

(c) *Knowingly* means that the person knew or must have known that his or her conduct was fraudulent or deceptive.

(d) *Person* means any individual, group, unincorporated association, limited or general partnership, corporation, or other business entity.

(e) *Petroleum distillates* means:

(1) Jet fuels, including, but not limited to, all commercial and military specification jet fuels; and

(2) Diesel fuels and fuel oils, including, but not limited to, No. 1, No. 2, and No. 4 diesel fuel, and No. 1, No. 2, and No. 4 fuel oil.

(f) *Wholesale* means:

(1) All purchases or sales of crude oil or jet fuel; and

(2) All purchases or sales of gasoline or petroleum distillates (other than jet fuel) at the terminal rack or upstream of the terminal rack level.