Gas prices have remained high for the last month amid the Russian invasion of Ukraine, which has disrupted oil and gas deliveries around the world. Gas prices in March 2021 were about $2.86 a gallon on average, according to AAA. “The fact is that there is nothing standing in the way of domestic oil production,” a senior administration official said. oil companies are recording their largest profits in years and could put those profits toward productive use. Oil and gas companies are sitting on more than 9,000 approved but unused permits to drill across millions of acres of federal lands.

Source: Huffington Post April 01, 2022 00:11 UTC