Cincinnati.com (Archived): Biden administration scraps 3 off-shore oil and gas lease sales in Alaska, Gulf of Mexico.
The Biden administration on Wednesday announced it will axe three planned oil and gas lease sales in the Gulf of Mexico and Alaska's Cook Inlet, effectively halting the potential to sell drilling leases in coastal waters this year, several media outlets report.
Breitbart: Pennsylvania, New Jersey, Delaware Gas Prices Hit ‘All Time Highs’.
Democrat-led Pennsylvania, New Jersey, and Delaware are experiencing “all-time high” gas prices,WPVI-TV reported on Monday.
“It’s $4.64 a record gallon in Philadelphia, 14 cents above the statewide average,” the ABC News affiliate found. “It’s $4.50 in Pennsylvania, $4.47 in New Jersey and $4.40 in Delaware.”
According to the report, drivers are paying on average $4.32 per gallon nationally for unleaded — “$1.36 over what it was on this day a year ago.” The national average for diesel has also hit an all-time high at $5.54.
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Both Senate Majority Leader Chuck Schumer (D-NY) and House Speaker Nancy Pelosi (D-CA) have refused to cast any blame on their own party for shutting down American energy independence and continuing to print trillions and trillions of dollars, Breitbart News previously reported.
Three Blue states with the highest gas prices in the nation. This is good, right? Didn't The Left tell us many times they're willing to pay more for a gallon of gas? Well, they received their wish. Huzzah!
Washington Times: Biden to release 1M barrels of oil per day from strategic oil reserve.
President Biden will release a record 1 million barrels of oil per day from the Strategic Petroleum Reserve in a bid to contain soaring energy prices that are rapidly becoming a political headache for Democrats ahead of November’s midterm elections.
“This action will increase our immediate supply and meet our immediate energy needs and address our lack of supply as a result of [Russian President Vladimir] Putin’s actions,” a senior administration official told reporters.
The official called the scale of the release “unprecedented,” noting that the U.S. has never released more than 1 million barrels per day. The release will continue every day for six months, accounting for a total of 180 million barrels of oil.
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It’s unclear if releasing 1 million barrels a day will make a major dent in rising oil prices. The U.S. consumes about 20 million barrels of oil a day, so the amount released by Mr. Biden will account for roughly 5% of the oil consumed per day.
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So far, tapping the reserve has done little to bring down prices at the pump, which have spiked since the U.S. and its allies placed limits on Russian energy exports as punishment for Moscow’s invasion of Ukraine.
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Mr. Biden also blamed Mr. Putin, while acknowledging earlier this month his executive order banning Russian energy imports will bring more pain at the pump for Americans.
California’s nation-leading gas prices are set to climb even higher Monday, when the state gas tax increases another 5.6 cents a gallon.Fret not, for I am sure, the additional tax revenue will be judiciously spent and the returns and impact from this investment will immediately benefit all of the taxpayers and welcomed immigrants in Cali.
It’s the latest increase from a 2017 law designed to raise about $5 billion a year for road and mass transit programs.
A 12 cent-per-gallon boost came that November, and voters last year rejected a Republican-led effort to repeal the law. But Southern California voters did recall one Democratic lawmaker who helped pass the measure.
California motorists were paying an average $3.75 per gallon as of late June, far above the national average of $2.71 calculated by AAA .
The gas tax will increase to 47.3 cents a gallon July 1, according to the state Board of Equalization, and continue to increase indefinitely starting next year to keep up with the California Consumer Price Index.
