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State profiting from higher prices for Alaska oil on U.S. West Coast
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State profiting from higher prices for Alaska oil on U.S. West Coast
The first month of the U.S. war against Iran caused crude oil prices to skyrocket around the world, and the price of Alaska’s oil has risen particularly far. That rise is making tens of millions of dollars, maybe a few hundred million dollars if high prices persist, available for state services and the Permanent Fund dividend, even as it squeezes the finances of individual Alaskans. In figures newly compiled by the Alaska Department of Revenue, …
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