Local News

Ban on Russian Oil – Gas Prices to Continue to Soar

Gas-Prices-1

Biden announces Russian oil import ban and warns gas prices could increase even more. It’s the latest move to try to punish Moscow for invading Ukraine. Gas price hikes in the past few weeks have met historical highs. Biden calls this a critical step to punish Russian President Vladimir Putin. He says local oil and gas companies can drill at any time on the land they lease, but he will not lift any other environmental regulations such as new pipelines.

Source