Alaska's Oil Revenue Surges Amid Iran War
Anchorage News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Alaskas Department of Revenue predicts high oil prices through fiscal year 2026, boosting state revenue to $6.5 billion. Oil prices surged, with North Slope crude averaging $88.71 so far this month and hitting over $105 a barrel. Forecasters see an average of $91.09 per barrel through June 2026. Lawmakers debate extra spending needs, with a vote postponed due to the new forecast. High volatility is noted, with a 10% chance of prices averaging $130 or more next year.
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