Gas prices are down, no thanks to Biden

The following chart was recently published in the Wall Street Journal.  While Biden (and Interior Secretary Deb Haaland) hasn’t completely banned oil and gas leases on federal lands as he pledged during the campaign, he certainly has been excessively stingy.

Gas prices have come down from their early summer highs, but the Biden Administration has done nothing to help the cause. As I wrote when the leasing moratorium was first announced, the lack of federal leasing will impact New Mexico more than any other state (over time).