The Biden administration calls off three sales of offshore exploration acreage even as Americans struggle with surging fuel prices President Joe Biden’s administration has canceled three offshore oil and natural-gas lease sales, including one in Alaska, diminishing prospects for new sources of supply even as record gasoline prices help keep the US inflation rate at a 40-year high. The US Department of the Interior (DOI) announced the decision on Wednesday, calling off lease sales in the Gulf of Mexico and Alaska’s Cook Inlet. The department blamed “conflicting court rulings” for complicating its work on the Gulf o
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