Biden admin cancels massive oil and gas lease sale amid record-high gas prices

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Biden admin cancels massive oil and gas lease sale amid record-high gas prices
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The Biden administration canceled one of the most high-profile oil and gas lease sales pending before the Department of the Interior Wednesday, as Americans face record-high prices at the pump, according to AAA.

. The spokesperson also said the department canceled the Gulf of Mexico leases – lease 259 and lease 261 – due to "conflicting court rulings that impacted work on these proposed lease sales."Federal law requires DOI to stick to a five-year leasing plan for auctioning offshore leases. The department had until the end fo the current five-year plan – due to expire on June 30 – to complete the sales.

The Washington, D.C., District Court invalidated another Gulf of Mexico lease, lease 257, in January. The administration is not appealing the ruling, though it affects a separate lease from the ones the DOI spokesperson mentioned Wednesday. Steve Milloy, a former Trump-Pence EPA transition member and founder of JunkScience.com, traced these lease cancelations back to President Biden in remarks to FOX Business Wednesday. / Getty Images)

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