Gas prices in Alaska have surged to near-record highs in recent weeks. Observers say Alaska gasoline prices are tied to those in the West Coast region, where there are refinery issues.
said. Also, price changes in Alaska lag the rest of the nation. And unprecedented volatility in crude oil prices was another factor — a situation repeating itself today.
Other factors include refinery and transportation costs and regional gasoline supply, he said. Taxes are also a relatively small part of the equation, on average. State taxes in Alaska are the lowest in the U.S. Mike Speer, with Big Mike’s Service Tesoro, an independently owned gas station in South Anchorage, said the West Coast refinery issues are the biggest short-term factor for the high prices in Alaska. The globally high cost of crude oil is a longer-term concern, he said.
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