WH scraps oil, gas lease sales as fuel prices hit new highs

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The Biden administration has canceled oil and gas lease sales in the Gulf of Mexico and Alaska’s Cook Inlet — dealing a blow to potential domestic fuel protection as gas prices reach new highs across the country.

The Interior Department told The Post Thursday that the Cook Inlet lease sale would not move forward because of a “lack of industry interest in leasing in the area.”

In the Gulf of Mexico, the department canceled two lease sales, citing “conflicting court rulings that impacted work on these proposed sales.”

As of Thursday morning, the national average price of a gallon of regular gas stood at $4.418, according to AAA — the highest on record and $1.41 higher than at this time last year.

For wrath kills a foolish man, And envy slays a simple one.” Job 5;2

Joe Biden.

Biden imposed a moratorium on the sale of new leases one week after his inauguration, but the order was later blocked by a Louisiana federal judge who granted a preliminary injunction to 13 states that claimed they would suffer “irreparable injury” from the White House move.

Last month, the Interior Department announced it was restarting the sale of oil and gas leases on federal land, but reduced the amount of land under consideration by 80% and increased the amount of royalties energy companies would have to pay the government if they extracted anything of value.

For weeks, the Biden administration has blamed high gas prices on Russian President Vladimir Putin’s invasion of Ukraine …

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