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Economy

  • Forecasting Alaska

Economy

Work on a modernization plan for the Port of Alaska is wrapping up for the season

Port of Alaska wrapping up huge construction project for the season

Updated: 23 hours ago
|
By Lauren Maxwell
The Port of Alaska is wrapping up a busy summer construction season

Economy

Perspective gas prices in the US

$24.49 for a gallon of gas. $6.69 a gallon for diesel. Alaska fuel prices as big as the state

Updated: Oct. 21, 2026 at 12:42 PM AKDT
|
By Rebecca Palsha
In the race for U.S. Senate in Alaska, energy prices, fuel, and the cost of living in general have dominated the race. In the largest state in the country, there are also the largest fuel prices.

Economy

The Trans-Alaska Pipeline is seen at the Pump Station 1 on Monday, June 2, 2025, located near...

North Slope oil price hits highest level in over 4 years

Updated: Oct. 16, 2026 at 2:56 PM AKDT
|
By Joey Klecka
The price for a barrel of Alaska North Slope crude oil hit its highest level since 2022, according to the Department of Revenue.

Community

Fairbanks utility Golden Valley Electric Association asked those who use its power to conserve...

GVEA asks members to conserve energy amid generator failure

Updated: Oct. 14, 2026 at 5:26 PM AKDT
|
By Alex Bengel
Fairbanks utility Golden Valley Electric Association asked those who use its power to conserve their energy usage and to be prepared for potential outages through Wednesday.

Energy

President Donald Trump and Alaska Sen. Dan Sullivan in the Oval Office on Sept. 30, 2026.

President Trump uses $54 billion LNG pipeline investment as campaign pitch for Sen. Sullivan

Updated: Sep. 30, 2026 at 2:18 PM AKDT
|
By Wil Courtney and Josiah Pike
President Donald Trump announced a $54 billion investment into the LNG pipeline project Wednesday.

State

Diane Bryant did not receive this year's PFD after hackers changed her banking information on...

Permanent Fund dividends will be distributed to Alaskans starting this week

Updated: Sep. 30, 2026 at 7:27 AM AKDT
|
By James Brooks
The 2026 Permanent Fund dividend, worth $1,200 per recipient, will be direct-deposited into Alaskans’ bank accounts starting Oct. 1, according to a plan published by the Alaska Department of Revenue earlier this month.

Economy

In the sunny dining hall of Aspen Hills Assisted Living, 85-year-old Loretta Cobban walks the...

Soldotna family drains retirement savings after state denies Medicaid waiver for 85-year-old mother

Updated: Sep. 25, 2026 at 5:34 PM AKDT
|
By Augusta McDonnell
State Medicaid officials and lawmakers describe Alaska’s public assistance system as a coordinated safety net, guided by clinical scoring rubrics and legal spend-down formulas designed to determine what care aging residents need, according to state policy documents and legislative testimony.

Economy

Alaska oil and gas rig in Cook Inlet

‘There’s nothing for tomorrow’: Cook Inlet gas crunch, global markets squeeze Alaska Railbelt grid

Updated: Sep. 24, 2026 at 9:34 PM AKDT
|
By Augusta McDonnell
With winter fast approaching, state energy officials and economists are warning Alaskans along the Railbelt to prepare for potential power and heating conservation if severe, sustained cold settles over the region.

Consumer

Electrical generators in Alaska

From $24 gas in Noatak to emergency generators in Anchorage, rural Alaska braces for winter energy strain

Updated: Sep. 24, 2026 at 5:18 PM AKDT
|
By Augusta McDonnell
While gas prices topping $24 a gallon force remote communities to scale back subsistence hunting, state energy crews are stockpiling emergency generators and critical hardware in Anchorage.

Economy

Squatters have infiltrated an Anchorage home, destroying property and terrorizing homeowners...

Lowered expectations, condos and elbow grease. Can you afford a home in Alaska?

Updated: Sep. 23, 2026 at 4:37 PM AKDT
|
By Rebecca Palsha
If you want to buy a home, you most likely need to lower your expectations, check out condo prices and, if you’re handy, get ready to get to work.
7 Day Forecast
7 Day Forecast

News

Gov. Mike Dunleavy addresses the media in Juneau on Jan. 21, 2026.

Gov. Dunleavy lifts freeze on state government hiring, new regulations and worker travel

Updated: Sep. 23, 2026 at 7:38 AM AKDT
|
By James Brooks
Gov. Mike Dunleavy on Monday lifted a statewide executive branch hiring freeze, removing restrictions on managers who had been required since May 2025 to obtain special permission before hiring new state employees

Economy

Alaska's News Source series, Priced Out: As Alaskans face soaring costs for housing, food and...

$25 can get rides around Anchorage all week

Updated: Sep. 22, 2026 at 4:45 PM AKDT
|
By Rebecca Palsha
Priced Out: As Alaskans face soaring costs for housing, food and energy, financing the Alaska dream faces so many hurdles. Before the November midterm elections, a look at the real-world financial struggles of life in the state and possible solutions, as voters seek to preserve the Alaskan dream.

Consumer

Alaska's News Source series, Priced Out: As Alaskans face soaring costs for housing, food and...

‘A treat is $3 fun, not $8′: Alaskans look for ways to cut grocery costs

Updated: Sep. 21, 2026 at 3:26 PM AKDT
|
By Rebecca Palsha
As Alaskans face soaring costs for housing, food and energy, financing the Alaska dream faces so many hurdles.

News

Crimson red sky: Rare Aurora borealis lights up Alaska and beyond

Fairbanks prepares for winter tourism season

Updated: Sep. 17, 2026 at 6:51 PM AKDT
|
By Alex Bengel
As the summer tourism season comes to a close in Fairbanks, the industry is predicting a strong winter for visitors to the Interior.

Energy

A law was implemented, Friday, that paves the way for an eventual and dramatic reduction in...

Wartime oil prices continue to benefit Alaska’s state treasury, new figures show

Updated: Sep. 11, 2026 at 11:41 AM AKDT
|
By James Brooks
The price of North Slope crude oil topped $100 per barrel on Wednesday, crossing that mark for the first time since June, according to figures published by the Alaska Department of Revenue.

News

Golden Valley Electric Association’s Fuel and Purchased Power Rate saw a 12.6% drop starting...

GVEA customers to see lower monthly power bills, CEO says

Updated: Sep. 8, 2026 at 6:08 PM AKDT
|
By Alex Bengel
Golden Valley Electric Association’s Fuel and Purchased Power Rate saw a 12.6% drop starting Sept. 1.

News

Alaska Broadband and Satellite Networks as of 2025

Feds announce broadband funding to map and connect gap communities in Alaska

Updated: Sep. 3, 2026 at 6:19 PM AKDT
|
By Peggy McCormack
Federal telecommunications officials have cleared the way for Alaska to secure more funding to hook up thousands of rural homes and remote villages that previously didn’t exist on official government coverage maps.

News

The City of Fairbanks has received a single proposal for developing the downtown site once...

Fairbanks looking at proposed development for Polaris Building site

Updated: Sep. 2, 2026 at 3:40 PM AKDT
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By Alex Bengel
The City of Fairbanks has received a single proposal for developing the downtown site once occupied by the Polaris Building.

Law

FILE - An Amazon Prime logo appears on the side of a delivery van as it departs an Amazon...

Feds and 22 states sue Amazon, alleging deceptive advertising scheme

Updated: Sep. 1, 2026 at 10:24 AM AKDT
|
By Alex Brown
The Federal Trade Commission and attorneys general from 22 states sued Amazon Monday, claiming the online retail company used artificial bids to inflate costs for advertisers, bringing in tens of billions of dollars

Economy

U.S. Energy Secretary Chris Wright speaks at the Alaska Oil and Gas Assoc. conference in...

Federal Energy Secretary touts Trump’s policies at annual oil & gas conference

Updated: Aug. 27, 2026 at 6:33 PM AKDT
|
By Lauren Maxwell
The Alaska Oil and Gas Association (AOGA) wrapped up the second day of its annual conference in Anchorage Thursday with record attendance.

Economy

Biden administration cancels remaining oil and gas leases in Alaska’s Arctic Refuge

‘I guarantee you can find a job in Alaska’s oil and gas industry’: AOGA conference starts with optimistic tone

Updated: Aug. 26, 2026 at 5:33 PM AKDT
|
By Rebecca Palsha
Day one of the Alaska Oil and Gas Association (AOGA) Conference started with an optimistic view.

Economy

South Central residents are being warned about possibly energy shortages this winter

Southcentral Alaska mayors ask legislators to pass a gas pipeline bill

Updated: Jul. 28, 2026 at 5:20 PM AKDT
|
By Lauren Maxwell
Residents of Southcentral Alaska are being told to brace for higher energy costs and the possibility of rolling blackouts this winter, especially if lower temperatures prevail.

News

Senator Dan Sullivan visited the Fairbanks Pipeline Training Center with television host Mike...

Sullivan talks Alaska trade jobs with ‘Dirty Jobs’ host Mike Rowe

Updated: Jul. 24, 2026 at 6:35 PM AKDT
|
By Alex Bengel
Senator Dan Sullivan visited the Fairbanks Pipeline Training Center with television host Mike Rowe Friday.

Community

Little Richard’s Family Diner in North Pole plans to close on July 27, with its last open day...

Popular North Pole restaurant closes as owners retire

Updated: Jul. 23, 2026 at 4:49 PM AKDT
|
By Alex Bengel
Little Richard’s Family Diner in North Pole plans to close on July 27, with its last open day as Sunday, July 26.

Economy

Stephanie Ellis brings her children, Asher and Eliana, to their community garden plot about...

Anchorage family gardens to cut grocery costs as Alaska household expenses rise

Updated: Jul. 20, 2026 at 5:44 PM AKDT
|
By Augusta McDonnell
An Anchorage mother says a community garden plot helps her family save on food while giving her kids a low-cost way to spend time outside.

Community

While Mayor Mindy O’Neall said many of these efforts have been successful so far, others have...

Fairbanks mayor reflects on successes, challenges with downtown revitalization

Updated: Jul. 14, 2026 at 3:47 PM AKDT
|
By Alex Bengel
The City of Fairbanks initiated a plan to revitalize its downtown this summer in an effort to bring tourists and locals to the area and create an attractive environment for businesses

State

Alaska's Arctic National Wildlife Refuge

DOJ settles state lawsuit against oil and gas leasing program

Updated: Jul. 8, 2026 at 1:30 PM AKDT
|
By Josiah Pike and Joey Klecka
The Department of Justice dismissed two lawsuits from the state of Alaska Wednesday challenging a Biden-era Oil and Gas leasing program.

Community

Fairbanks is getting ready for a variety of events celebrating Independence Day and the...

Fairbanks community prepares Independence Day events, tourists expected

Updated: Jul. 1, 2026 at 4:45 PM AKDT
|
By Alex Bengel
Fairbanks is getting ready for a variety of events celebrating Independence Day and the country’s 250th anniversary.

State Legislature

The Alaska State Capitol building is seen in Juneau.

New law allows Alaska’s local governments to offer more property tax breaks

Updated: Jun. 24, 2026 at 12:23 PM AKDT
|
By James Brooks
Under a new law, Alaska boroughs and cities will be able to offer property tax breaks to first-time homebuyers, new trailer parks and homeowners who convert short-term rentals into long-term rentals

State

The doors to the Alaska state Senate chambers in Juneau.

Gas pipeline deadlock continues in Alaska Senate as special session nears end

Updated: Jun. 17, 2026 at 5:06 PM AKDT
|
By James Brooks
The 14 members of Alaska’s Senate coalition majority met behind closed doors twice on Wednesday to decide the fate of a multibillion-dollar tax break for the proposed trans-Alaska natural gas pipeline.

News

Residents of the City of Fairbanks will see the rate of levy on their property increase for 2026.

City of Fairbanks establishes tax rate for the current year

Updated: Jun. 12, 2026 at 5:18 PM AKDT
|
By Alex Bengel
Residents of the City of Fairbanks will see the rate of levy on their property increase for 2026.

News

President Donald Trump speaks during a Cabinet meeting at the White House, Wednesday, May 27,...

New coal plant to be built in Alaska as part of $700M Trump investment

Updated: Jun. 5, 2026 at 1:46 PM AKDT
|
By Josiah Pike
President Donald Trump announced $700 million in investments into coal energy production Thursday, including building a coal plant in Anchorage.

News

FILE - This photo provided by the U.S. Fish and Wildlife Service shows the Porcupine caribou...

Arctic lease sale attracts bids from only two companies

Updated: Jun. 5, 2026 at 1:38 PM AKDT
|
By Josiah Pike
The Trump administration’s oil and gas lease sale in Alaska’s Arctic National Wildlife Refuge attracted bids on only five tracts of land from two companies on Friday.

Economy

A gas flare at the Pikka project on Alaska's North Slope

‘We will produce so much oil’: Oil company Santos shows off drilling in Pikka

Updated: Jun. 3, 2026 at 3:45 PM AKDT
|
By Rebecca Palsha
A new player on the North Slope, along with the Spanish company Repsol, have invested more than $3 billion in the project at a recently discovered field west of Prudhoe Bay.

Economy

A proposed 739-mile pipeline could be costing Anchorage up to $173 million, according to the...

Anchorage seeks ‘seat at the table’ over proposed LNG gas line’s projected local impacts

Updated: Jun. 2, 2026 at 4:19 PM AKDT
|
By Georgina Fernandez
The proposed pipeline could cost Anchorage up to $173 million.

Economy

Cash money

Alaska’s minimum wage increasing to $14 an hour next month

Updated: Jun. 1, 2026 at 2:16 PM AKDT
|
By Josiah Pike
Alaska’s minimum wage will be increasing to $14 per hour on July 1.

News

GVEA's Fuel and Purchased Power Rate will increase to its highest level in the utility’s...

GVEA announces rate increase starting June 1; members to see higher bills

Updated: May 31, 2026 at 9:16 PM AKDT
|
By Alex Bengel
GVEA's Fuel and Purchased Power Rate will increase to its highest level in the utility’s history starting June 1.

News

The Fairbanks North Star Borough assembly passed its FY27 budget at its May 14 meeting in a...

Fairbanks borough assembly passes FY27 budget with no increase to the mill rate

Updated: May 30, 2026 at 7:51 PM AKDT
|
By Alex Bengel
The Fairbanks North Star Borough assembly passed its FY27 budget at its May 14 meeting in a 7-2 vote.

News

The University of Alaska releases their report of energy issues in the state.

Solar power expected to soon be cheaper than natural gas power in Anchorage

Updated: May 27, 2026 at 8:20 AM AKDT
|
By James Brooks
Alaska’s largest planned solar farm, expected to break ground west of Anchorage this summer, is likely to deliver cheaper electricity than possible with imported natural gas

State

Secretary of the Interior, Doug Burgum in Fairbanks, Alaska, with Sen. Dan Sullivan and Rep....

Interior Secretary announces Rural Alaska Energy Security Task Force

Updated: May 20, 2026 at 1:55 PM AKDT
|
By Adrian Peterson
Multiple announcements from Alaska’s congressional delegation and the Dept. of the Interior were made in Fairbanks on Saturday, many of which were about energy development in Alaska.

State

Secretary of the Interior Doug Burgum (left) and Alaska Governor Mike Dunleavy at the Alaska...

‘Get the gas flowing’: Dunleavy brings Trump cabinet member to Anchorage, calls for LNG legislation

Updated: May 19, 2026 at 7:41 PM AKDT
|
By Joe Allgood
Gov. Mike Dunleavy and U.S. Interior Doug Burgum spoke at the Alaska Sustainable Energy Conference, touching on North Slope development, mineral resources, AI, and the Alaska LNG project.

News

Memorial Day travel plans shift as Alaska gas prices near record highs

Memorial Day travel plans shift as Alaska gas prices near record highs

Updated: May 18, 2026 at 3:31 PM AKDT
|
By Dani Tompkins
As Memorial Day weekend approaches, Anchorage residents and visitors are adjusting their travel plans as gas prices reach an average of $5.29 per gallon, according to AAA.

Community

Downtown Fairbanks

Fairbanks makes downtown plans for summer

Updated: May 15, 2026 at 6:24 PM AKDT
|
By Alex Bengel
As the summer tourism season approaches in Fairbanks, the city is making plans to draw visitors, as well as residents, to its downtown area.

Community

The Yukon Quest Alaska is moving out of its long-time 1st avenue cabin location effective May 1.

Fairbanks City Council rejects lease for downtown riverfront cabin, plans Request for Proposal

Updated: May 13, 2026 at 4:29 PM AKDT
|
By Alex Bengel
The Fairbanks City Council on Monday voted 5-1 against approving a lease put forward by Mayor Mindy O’Neall which would have granted the Log Cabin on 1st Avenue to Alaska Universal Productions.

News

The last 50 mile stretch of the Dalton Highway is being paved for the first time.

Dalton Highway toll proposal stalls in Alaska Senate committee

Updated: May 12, 2026 at 8:03 AM AKDT
|
By Haley Lehman
A bill that would impose a toll on oil and gas vehicles using the Dalton Highway was set aside by state lawmakers on Thursday after the public voiced concern that it would target a single industry and raise costs for Alaskans

News

Former Congresswoman Mary Peltola (left) runs against incumbent Sen. Dan Sullivan (right) for...

Peltola unveils ‘affordability’ campaign as she challenges incumbent U.S. Sen. Dan Sullivan

Updated: May 11, 2026 at 5:46 AM AKDT
|
By James Brooks
The leading challenger to Republican incumbent U.S. Sen. Dan Sullivan is proposing to eliminate income taxes for Alaskans earning less than $92,000 per year, the state’s median household income

Military

The University of Alaska Fairbanks signed a Memorandum of Understanding with the Defense...

Fairbanks university partners with US military and private industry to research technologies

Updated: May 8, 2026 at 7:20 PM AKDT
|
By Alex Bengel
The University of Alaska Fairbanks signed a Memorandum of Understanding with the Defense Innovation Unit to research and host research for military technology.

Community

As the Alaskan Interior slides into summer, early indicators point to a potentially strong...

Interior Alaska prepares for arrival of summer tourists

Updated: May 7, 2026 at 8:10 PM AKDT
|
By Alex Bengel
As the Alaskan Interior slides into summer, early indicators point to a potentially strong tourism season.

News

Gov. Mike Dunleavy delivered his final State of the State address Thursday, promising a...

In Alaska Legislature’s last days, a key question: How much to subsidize the gas pipeline?

Updated: May 6, 2026 at 11:20 AM AKDT
|
By James Brooks
Alaska Gov. Mike Dunleavy is urging state lawmakers to act on his proposal to cut state taxes by $7.2 billion over the next 36 years to subsidize construction of the proposed trans-Alaska natural gas pipeline.

News

Fairbanks utility Golden Valley Electric Association held its annual meeting Tuesday.

Fairbanks utility officials talk about future plans at annual meeting

Updated: May 5, 2026 at 10:31 PM AKDT
|
By Alex Bengel
Fairbanks utility Golden Valley Electric Association held its annual meeting Tuesday.
News
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