I have wondered why gasoline prices in Fairbanks are $2.50 or so like the rest of the country when we pull our few barrels directly off the TransAlaska Pipeline. We should be getting gasoline for 10 cents like Iraq and Venezuela. But then consider that the oil from the pipeline is sent to California where they don't seem to mind paying Big Bucks for our sour crude, and we probably wouldn't be able to buy any oil at all if we didn't pay the going rate. Too bad the State of Alaska didn't negotiate something about that at the same time they worked out the royalty deal.
I have wondered why gasoline prices in Fairbanks are $2.50 or so like the rest of the country when we pull our few barrels directly off the TransAlaska Pipeline. We should be getting gasoline for 10 cents like Iraq and Venezuela."
They have a socialized oil economy. we have the free market, we pay the global price .... and thank God for that.
"Too bad the State of Alaska didn't negotiate something about that at the same time they worked out the royalty deal."
Devide that big check you get every year from the state by the # of gallons of gas you bought that year and deduct it from the price you paid and I think your price per gallon is not so bad.