The project has mostly failed to get traction because of its high cost.
The Alaska Industrial and Development Export Authority is currently the only leaseholder in ANWR.
Peltola says she’s intent on finishing some of the initiatives that Young hoped to accomplish this year.
It’s been on the table for as long as Alaska has been an energy state, though the costs of constructing the pipeline have long been considered prohibitive.
According to AAA, the national average Tuesday was $4.33 a gallon.
Federal data shows gas prices may have increased to a point that consumer demand has actually gone down.
With oil above $100 a barrel, some Alaskans have wondered: Will companies now be drilling for more oil here?
After months of incremental bumps, a barrel of Alaska North Slope shot up to $125 last week. A day later, he said, the markets reconsidered, and it dropped to $110.
When Glacier Oil and Gas suspended operations last spring, North Slope crude was averaging less than $30 a barrel.
A barrel of Alaska North Slope crude was about $71 on Monday, $11 less than the week of Thanksgiving.