Biden administration stops sale of 3 off-shore oil, gas leases in Alaska, Gulf of Mexico. The Department of Interior's halt on the sale of leases for off-shore drilling in Alaska's Cook Inlet and the Gulf of Mexico is a win for environmentalists. The announcement comes as gas prices nationwide reach a record high. Source 8r.
Gas prices for US drivers drop under $4 nationwide for first time in five months. After gas prices reached all-time highs in June, drivers are feeling relief at the pump with the national average under $4 per gallon. The average cost of a gallon of regular gasoline in the U.S. Is $3.99, according to AAA. Source 2o.