Look north to increase gas supplies
Last updated 5/2/2022 at 10:38am
The news that President Biden plans to resume leasing of federal land for oil exploration maybe good five years from now, but that action alone won’t bring down record gas prices at the pump in the months ahead.
According to American Automobile Association (AAA), the national average for a gallon of regular gasoline was $4.07 on Good Friday (April 15); down from $4.31 a gallon a month ago. That’s still 70 percent higher than when he took office.
The Interior Department announced it will put up 144,000 acres of government land for auction. In exchange the President wants higher royalties...