Skip to content
Subscriber Only

Biden Delays Oil Permits as Gasoline Prices Surge on Ukraine

  • Court order blocking climate policy may slow permits, leases
  • Analysts see gasoline topping $4 a gallon in U.S. on tensions
Updated on

The Biden administration has delayed issuing permits for new oil and gas drilling on federal land, a move that could complicate efforts to tame gasoline prices that are poised to top $4 per gallon amid the Russia-Ukraine conflict.

The Interior Department warned of delays in new drilling permits after a Louisiana-based federal district judge blocked the administration’s method for assessing how its permit approvals affect climate change.