Rescinded..

 

When Joe Biden took office, the average cost for a gallon of gasoline was $2.46 – the price was $3.44 on December 6; a 40% increase. The president and Democrats in Congress should recognize that their policies are damaging our economy and causing pain for American families. They need to reverse course immediately.

On his first day in office, President Biden rescinded the presidential permit for the Keystone XL pipeline, which would have moved 830,000 barrels of crude oil each day. Days later, he banned new oil and gas leases on public lands and federal waters, saying the program needed review.

The Department of the Interior subsequently concluded that fees on American energy producers should be raised to “deliver a fair and equitable return to American taxpayers.” These fee increases are designed to lower interest in the leases, thus depressing supply and causing consumer prices to rise even higher. If energy companies decide to pursue leases and pay the rate increases, the higher costs will just get passed on to American families.

Prices of a gallon of gas now is $5.  Just a thought.