Pump prices
Published Saturday, August 9, 2008
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Stumble It!A lot of people in this community are seriously hurting because of the enormously high costs of fuel. They are dreading the onset of winter with No. 2 heating fuel reaching well over the $4 mark. It is interesting to note that, with a recent drop in the crude oil price per barrel of more than $30/barrel, the price per gallon at the pump has only dropped 2 to 5 cents a gallon, while some places around the country have dropped prices more than 30 cents a gallon and the average price around the country is well under $4 per gallon.
It should be noted, too, that when the price per barrel increases, local pump prices go up the same, or next day. What, besides pure and simple greed, is driving this incongruity? With friends like the local fuel vendors, who needs enemies?
Community Discussion
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Newsminer. I know fuel prices are a big issue right now, but all of these letters are basically saying the same exact thing. How many more do we need?
Coming attractions:
http://www.cnn.com/2008/TECH/08/08/air.c...
We have to wait and see if this car will be allowed by the Federal bureaucracy and big oil; personally, I think they will find some way to keep this out of the hands of the general population (probably some trumped-up safety concern).
I'm guessing current prices at the pump are being kept artificially inflated as an attempt to make up lost revenue from this summer's oil madness. Hopefully by the end of tourist season prices will fall to more acceptable levels.
The borough is very small market with no leverage power for bulk purchases at the rack (wholesaler).
(example: Numerous distributors serving millions can get better rates than our lone group of 100k consumers and a lack of competition)
Basically, the FH refinery primarily produces jet fuel so the gasoline surplus is limited. Petrostar has a small heating oil capacity.
With heavy crude oil, less gasoline is produced per barrel than sweet crude.
Low sulfur diesel is shipped in from Anchorage; Flint Hills dropped their capital investment project to produce low-sulfur.
Due to jet fuel contract prices, recent losses (lack of profit?) in jet fuel due to crude price rises is probably offset by the gasoline rack price not dropping.
North Slope crude price is tied to the West Coast crude price.
You can learn more about Alaska gasoline pricing and natural gas pipeline at Fairbankgas' site www.fairbanksgas.com
Fuel price studies from other article posts:
The FNSB Economic Development study in 2005 offered no answers for our prices either, we're a small market. It looked at Fairbanks and Anchorage rack prices. http://www.co.fairbanks.ak.us/MayorsOffi...
The FNSB Economic Development Fuel Survey Report 2007 covers gasoline and heating oil prices statewide.
http://commerce.state.ak.us/dca/pub/Fuel...
A small isolated market with minimal completion is the answer people give.
When my Dad grew up (in northern PA), there were a lot of small refineries in small towns. In each one, the gas prices were sky high! Out away from these towns, the prices were much better. With low shipping costs, each company could, and did, win local gas wars that drove the competition out of town. Then "Charge what the market will bear!" (Quote credit unknown).
Until people are collectively ready to stop buying gas at one of the big retailers in town, the prices will only creep down.
Mr. Doppler, sounds like it is time to move to one of those places in America where the cost of gasoline is "well under $4 per gallon."
I'll be listening for the Doppler shift that will announce your departure.
My opinion is that fuel is priced based on what distributers and retailers believe people will pay. Not what they think they can afford or what it is selling for somewhere else but rather what the seller believes people will pay where they are selling the product. The consequence is that in relatively wealthy markets prices are higher. One result of the energy rebate is that this is seen as a wealthy market. The money has been passed to the consumer to allow him or her to afford fuel in this inflated market. So as I see it, we are in a fuel subsidized market. The money is passed to us in the form of the PFD and the Energy Rebate and we in turn will pass it to the retailers. At least we who qualify have it to spend. Pity those who don't. In the long run we as a community would be wise to invest in the local refinery and run it as a public utility for the benefit of the residents.
"I'm guessing current prices at the pump are being kept artificially inflated as an attempt to make up lost revenue from this summer's oil madness."
That wouldn't be artificially high, that would be recouping losses that weren't passed on to customers in the form of $.50 a gallon price hikes. Which, as it turns out, is also part of the reason why prices have come down slowly in our area.
The CEO of Valero (large refiner in the US) talked about this during an interview on CNBC. Very interesting and very informative.
When I moved here in Jan 07 The gas prices were comparable to Chesapeake virginia (within pennies) now they are at $3.59 and we are at $4.42. They are still dropping as we stand still I don't think our location here in fairbanks has as much to do about things as people think.
Take a look at the chart at fairbanksgas.com . Last May crude was at the same price that it is today and we were paying $3.85 a gallon. Today the AAA reports the average US price is $3.82 a gallon. There is absolutely no reason that we should be paying a penny more than $3.85 a gallon. The lowest price today in Fairbanks is $4.39 which is 54 cents more than it should be. We are each paying an additional $12 per fill up.
The gas stations are partly to blame but they are only making about 8 cents more than they were before crude stated falling. Most of the extra 54 cents is going to the refineries to offset there losses on long term jet fuel contracts. Flint Hills has publically states that they are taking losses of jet fuel, so we have to make up the difference. We have never paid this much more than the rest of the US for gasoline. While gas is $1 more than parts of the US, jet fuel is within pennies of the US market. How would you like it is GVEA had to raise electric rates to 30 cents so that they could make up for losses on a long term contract to sell power to Ft. Knox for 5 cents? This is essentially what is happening.
Wiki bilateral oligopoly, this explains the Alaska refining industry perfectly, a market with few sellers (oligopoly) and few buyers (oligopsony). Oligopolistic competition can give rise to a wide range of different outcomes. In some situations, the firms may collude to raise prices and restrict production in the same way as a monopoly. Where there is a formal agreement for such collusion, this is known as a cartel. Firms often collude in an attempt to stabilize unstable markets, so as to reduce the risks inherent in these markets for investment and product development. There are legal restrictions on such collusion in most countries. There does not have to be a formal agreement for collusion to take place - for example, in some industries, there may be an acknowledged market leader which informally sets prices to which other producers respond, known as price leadership.
Supply and demand has so effect on price when there is one supplier for a product and only two or three buyers. If the demand drops in half, the supplier will reduce production by half and the market is unchanged. In Alaska there is a huge change in demand for gasoline from summer to winter. The refinery is not going to keep producing gasoline and create a surplus when the demand starts dropping.
Contact Governor Palin and your representatives and let them know that the people of Alaska are tired of being taken advantage of. http://gov.state.ak.us/govmail.php
www.fairbanksgas.com
powell@fairbansgas.com
Stay home. Stop buying gas at these prices. They will have to drop the price to entice us to buy. As long as we keep buying they will continue to charge what we are willing to pay.
When people work they can't stay home Mike.
This letter nails the point. When gas prices are climbing we see price increases EVERY day. When they are in the decline it takes months.
I watch the prices on MSNBC and they tell me that we are overpaying by about .70 per gallon right now, compared to when prices went up and when they started coming down everywhere else but here.
Ok....let's try to clear up a few things. The price of fuel in fairbanks is not driven by greed, it's driven by profit, also known as capitalism. The comment was made "with friends like the local fuel vendors" The fuel vendors are not our friends, thier not our enemies. They are local businesses that are trying to make a profit. I don't like the price of fuel either. But there is no sense in calling for the legislature to investigate, or any other stuff like that. The local companies will charge what they can until someone can provide it cheaper. That was the basis of a free market economy when I was in high school, how about you??
It will be interesting to see how the recent legislation eliminating the $.08 state gas tax is hidden in the pricing of retail sales at the pump so that we will probably not see the benefit as consumers. Now..... there is a project for the DNM to keep tabs on this and keep the public informed as to the results of this elimination of the gas tax. Please do, DNM.
I agree to many of these articles in the paper
You can thank Mark John at the Petro Star Refinery for the high fuel
prices, give him a call iam sure he,d like to here from you,ive left 3 messages and he hasnt called me back yet.All he is going to tell you are lies anyway.and heating oil being more exspensive than gasoline,heating oil is a byproduct of making gas its the garbage fuel, very little effort put into making it and it costs more than gas. who,s being taken to the cleaners here Mark John.
Looks like wal-mart needs to get fuel to help lower the prices!:)lol
Well, lets think about the following, and please chime-in if I am wrong: the gas station owners, heating fuel companies, etc. are trying to make a profit, and that's just fine. At the same time, for every gallon of fuel sold, the State and Federal governments are also making a profit, so it's to their advantage not to lower the price at the pump.
The borough and city are not interested whatsoever in lowering the price of fuel at the pump, nor the price of the oil that is being piped across the borough, and the reason why is as follows: these governments are making a killing on property taxes. The Federal Government is not interested in lowering the price of oil, since it takes the greatest portion of the money generated from each barrel of oil on US soil. Alaska only takes a small portion per barrel of oil in Alaska. The legislature in Juneau should argue with the Federal Government to split the revenue per barrel of oil so Alaska keeps the largest share, not the smallest.
All of these entities (governments) are riding the gravy train to a certain degree. Alaska has had a budget surplus for the last four years, and that's because of the high price of oil.
But not all is lost, since some of the money trickles down to us (Alaskans).
Tell me, how are we going to know that 8 cents has been removed from the price of gas at the pump? The vendors might drop the price 10 cents and raise it 5 cents the next week..., claiming the price per barrel went up!
If you want to blame someone, here are there phone numbers:
Fred Meyer Fuel - Cliff Haldwell 1.800.858.9202 ext.3734
Holiday Stores - Bob Nye 1.800.745.7411 ext. 8737
Sourdough/Petrostar - Mark John 907.339.6627
Flint Hills - Jeff Cook 907.488.5104
It is fun to listen to them try and justify why we are paying the highest price in the United States when we have everything we need in our backyard.
Should the State of Alaska investigate our gas prices?
www.fairbanksgas.com/#Poll
Everything we need, except the refinery. That is somewhere in the lower 48's backyard.
Your constant flow of misinformation on this issue is starting to border on out and out bold faced lies.
Your information on Natural gas and pipelines is invaluable to myself and others readers. Perhaps you should stick to that.
Why do they need to justify the price of fuel....they charge it, we pay it. If you can find a cheaper source then buy your fuel there. Basic economics, providers will charge whatever the market will bear. The price they charge is high enough to make a decent profit, and low enough to keep competion out. There is your justification......capitalism!
There needs to be more letters to the editor about the high gas prices. If there were no more complaints in a forum such as this, it would help quelch what the common man and woman is almost assuredly concerned about the most. If someone doesn't like it, then its fine with everyone if that someone doesn't read such letters and articles.
On another note, rumors coming out of North Pole have been going around that Councilman Jeff Jacobson had been asked about the 4% City sales tax on gas station fuels. Apparently he had been asked to write up a resolution removing the 4% City sales tax to which he is rumored he promised to do so. If you figure 4% on $4.50 per gallon, you get 18 cents per gallon tax. At only ten gallons, that comes to $1.80 in sales tax. If you fill up once a week that comes to $93.60 in City sales tax for one year of vehicle fuel purchased in North Pole. Instead there was an article in FDNM that Councilman Jeff Jacobson went after removing the sales tax on only home heating fuel. As I understand it, there is a tax cap of $8.00 on a single transaction. That said, if a person in The City of North Pole fills their home fuel tank with 1000 gallons of stove oil for the entire winter that will come to a grand total of $8.00 of total savings in sales tax. I wonder what is giving the citizens of North Pole the biggest savings? The approximated savings of $93.60 on vehicle fuel tax for one year? Or the approximated savings of $8.00 on home heating fuel tax for one year?
The better way to go is only shop at the place with the lowest price according to the local list Fairbanksgas keeps at http://www.alaskagasprices.com/index.asp... (Currently Sams Club)
This way, you can still get gas, but the other producers don't get rewarded for keeping their prices high. They will in turn have to lower their prices. It is possible for citizens to initiate a price war down to a reasonable level, and that's what it will take to get the prices back down to where they should be. Until then, stations have no reason to lower their price as people are still buying it.
Imagine paying $3.67/gallon only days ago in the lower 48, and to observe it costing $4.65/gallon a few miles from my home.
I've cut down on driving dramatically; suggest we all do that. Reduce time behind the wheel; sell off trucks & SUVs and work the conservation to the max. The payoff is immediate and personal.
Good luck everyone.
If you can't afford to live in Alaska, move to Arkansas. Your feet ain't frozen to the ground, at least not yet. Your gas prices are higher, wow, haven't heard that one yet. Mabe you should hold your breath or lay down and kick your feet. No? Well cry to your beloved Gov. and mabe you can get some more money. You people make me sick.
ksflatlander, by your screenname and attitude it is fair to assume you are not from Alaska. People choose to live in Alaska because it is a way of life that is very desirable. If I have to choose paying a little more for fuel over living in a over populated, over polluted lower 48, then thats what I will do. Yes things are going to be tighter up here and unfortunately some folks may have to move, but most of us aren't asking for a handout as you seem to think. We just want to know why there is such a variance in fuel prices. My parents live in a much less populated area of rural Montana and they are even paying 50 cents a gallon less than I do on fuel. They were always traditionally about 10 cents higher than here until just about a month ago. And as for the money that we are receiving, that is just one of the benefits of living in Alaska, its just nice that the state is able and willing to share in the wealth of the state. Why would I want to move to the lower 48 and be neighbors with someone like you!
gimmieabreak-- Your name says it all, Gimmie, Gimmie, Gimmie. As far as you moving to the lower 48, I hope not, we got enough cry babies down here. Most of the people in Alaska came from the lower 48. They was either run out or running from the law. If you don't want your dirty laundry to be seen, then don't wash it and hang it out to dry on the net. You people act like you're the only ones this hard time has hit. It's hard every where. True Alaskans suck it up and bite their lip and get things done. From what I read on these post, there ain't too many True Alaskans left.
gimmie---Your kind of attitude really ticks me off. If you want to live the real Alaskan life, drag your ragged behind out to the bush and live off the land for a couple of years, then you might appreiciate living in Fairbanks a little more. I've lived there and I know what goes on, so don't give me this poor me baby crap!!
The State of Kansas, the Sunflower State, the State of good grammar. Ain't that somethin? Suck it up, git 'er done!
hairbrain-- You can insult Kansas all you want, I "ain't" from there. As far as that goes, you can insult me all you want, I can take it. If you want good grammer, go to grammer school.
excuse me, grammar, wouldn't want to look like I can't spell.
KSFLATLANDER, I think it would be an excellent idea if everyone that makes a post on the Daily News Miner site send all posts through you first. So as to have apropriate content. True Alaskans make sure that anything they say or do is cleared of its content first. So, I hereby bestow upon KSFLATLANDER with all my unauthorized authority, the Official Comment Editing Dude. All True Alaskans would want it that way.
hairbrain-- I see you're another one of those people with the dreaded, lookatmeiamalaskan, disease.
Remember not to feed the troll, it is just a waste of time.
(That would be you Flats)
ak72 Are you related to hairbrain or do just want to be a protector??
Wow, I think I am experiencing Deja vu.
I posted a comment almost 2weeks ago that was almost identical to the current letter.
Their are some of the same posters now who have done the research and come up with factual numbers. Good job.
But we seem to still have to put up with flatlanders, whom I thought were discredited recently!!!
If you live here you have an opinion. If you don't buzz off.
re-deal-- If you have something to say, just say it. You beat around the bush too much, careful, you might learn something. Show me how you think I was discredited. You don't have a monopoly on the internet, do you?
Neither flat. I just dislike your inciting style of drivel. You liking to troll isn't really news. Why don't you go play with your flatlands? I'm sure there is something better to do wherever you are.
KS I think it's probably time for you to go milk another goat...
ak-72 and re--deal---- Now you two have gone and hurt my feelings. There must be someone I can complain to about this. I may not be the sharpest tack in the box but I'm paying $3.59 at the pump, how bout you?
Pump Prices, Isn't that what this whole thread is about. Guess not, trolls and goat milkers have nothing to do with PP.
I think you just taught us all here in AK, that you could teach any of us how to milk goats... And pay less for gas.
Maybe we should try to learn how to milk Moose or Bear or even ducks, during 9 months of winter...
Scat sceedaddle
See how easy that was re-run, no more crying about pump prices. Oh, I know what scat is, but what is sceedaddle? Is that the moose nugget candy you're so famous for? I mean you do speak for all Alaskans, don't you?
Yes scat herder, I see the light!!! Give us your wisdom...
Shallom shallom...
Let my fellow AK's give you their wisdom...
The worst thing that can happen is the folks that live here feel their comments are not welcome. Many folks don't say what is on their mind in a public forum because its out of their comfort zone. So I most certainly hope there are many others that comment in here. No one should be nervouse about stating their opinion on whatever the topic is with the fear of over zelouse attack. I'm not perfect in my comments, but I know there are several people that do not take part in debate whether it verbal in a public forum, or written in a forum such as this. My mother was born and raised in an Alaska village. And I have lived all my life in the interior. If I have learned anything through all of this, there are a heck of alot of good people here. And to me thats what makes a real Alaskan. It cant be bought and it cant be sold. It doesnt matter what your opinion is. People that live here know what a real Alaskan is.
hairbrain---you finally said something I can agree with you on. There are a lot of good people in Alaska and that's what makes Alaska great, the good people. Just living in Alaska don't make you an Alaskan, that has to be earned. I have great respect for the Alaskan People but not for the crying, whinning, wannabes.
To funny
just so everyone knows, neither flint hills, petro star or tesoro is set up to refine north slope crude to meet the EPA low sulfer requirements. Tesoro refines a little cook inlet oil but mainly buys it from Indonisia. Petro star and flint hills are making home heating and jet fuel
KS you are obviously out of our time-zone... So you apparently have some objective to acheive???
What is it???
You can't stand it when your WHAT???
What part of we don't wan't to hear it,,, DON'T YOU UNDERSTAND!!!!
re-run-- Unless you have a mouse in your pocket, don't use the word, we, and expect all Alaskans to agree with you. If you don't want to hear what I have to say, don't read my post!! Let the other people speak for themselves. I read the trash you write and believe me, most of it is trash. Just don't tell me I can't express my opinion!!
I contacted the Govenors office via email about our high prices over two weeks ago and i never got a response i guess she was to busy getting the rebate ready. Good ol Uncle Ted's office never sent a reply either so what is the use of contacting them.
To Hairbrain your right!!!
To Black helicopter Unfortunatly so are you. Dammit...
The New deisel fuel vehicles will seize the pump if they are not driven by Low Sulfer Fuel....
Maybe one of the new debates should be (Non profit Alaskan owned Refineries...)
What's the matter readeal, scat got your tongue?
KS, I think you need to reread my post. I never asked for money, I actually said we were going to suck it up and stay here instead of moving to the lower 48. And for your information, I did move here from the lower 48, not to run from anything, never even been pulled over for speeding, just because I wanted to, no other reason, just thought it would be a nice place to live and it is. I just want to know why the price shot up so fast and is so slow to drop. Curious, just like everyone else in Alaska. Oh and how do you know I even live in Fairbanks, keep your name calling and assumptions to yourself!
I am not going to play with you all day... I do have good friends that can deal with the likes of your scat...
Try milking a duck and then get back to me... OK!!!
There are lots and lots of very good people that came to Alaska because they wanted to be here. My dad was a good example. He was in the military and volunteered to come here. In his civilian employment he was offered opportunities for higher advancement in locations around the lower 48 and abroad. But refused them because he felt this was the place for his family. I don't need to measure down to any dribble from anyone. I am an independent thinker and those that know me, now it. If I was of such low self estiem as to feel I needed to measure down to some fly by night over zelouse attacks, I'd better off being one with the Borg. (A little Sci-Fi comparison thrown in)
gimmie--I think you should go back and see who posted what first. I made a statement in general terms. Almost an hour later you came on and directed your post at me. So please don't go acting all inocent.
realdeal, would you let me know when he gets that duck milked? Thanks!!
Hey hairbrain, the Borg ain't too shabby. Seven of Nine came from them and she ain't too shabby either.
Well, when all you can think of is milking ducks it's time for me to go. No worries though, I will be lurking for you on another thread. Thanks for the laughs. Later
sherry29--People are doing a lot more than just driving to work. My point is, stop making extra and unnecessary trips. how many people drive all the way home from work and then make a trip back to town to get the groceries? How many still drive to town on Saturday for no reason other than to get out of the house because they are bored? Consolidate your trips and cut back everywhere you can. It is a shame that we can't afford the quality of life we have become accustomed to, but that is the reality and until we stop paying these high prices they simply aren't going to lower them. I just returned from 10 days in Ohio and gas dropped .30 while I was there. It is now $3.50 a gallon.
In North San Diego County gas has dropped more than 60 cents in the past two weeks.
Everyone is certainly entitled to an answer to the question: Why not in Alaska?
Where does the gasoline come from? My understanding is it trucked to Alaska. With the exception of the Low Sulpher and Ultra Low Sulpher diesel and various jet fuels which are produced in the interior.
If the unleaded is trucked are we also paying for the shipment fee and would that not be increased for the HAZMAT shipping? I have heard cashiers talk at various gas stations and they are frustrated by the prices as well. They have no control over prices and they are belittled several times daily over the prices. It's a sad day when the price of a gallon of gas costs as much as a gallon of milk. I am more concerned over the electic bills in the interior. Not only am I paying for the heating fuel and the electric to run the furnace but I am also paying for GVEA's fuel to provide the service for elecric. My fuel surcharge was as much as the electric charge. That's a double whammy.
Wherever did the idea come from that gasoline is trucked in? There are two refineries in North Pole and one in Kenai.
jonpauls is late to the party. The refinery in north pole (Flint Hills) doesn't produce low sulfur diesel and produces very little gas. They mostly produce jet fuel, everything else is an afterthought to that.
The Tesoro refinery in Kenai doesn't even cover the demand in the Anchorage area. Even if it did, it still has to be trucked here. We are shipping oil out and shipping gas in.
Flatlander you lost me at
"Most of the people in Alaska came from the lower 48. They was either run out or running from the law"
which was in your first post. I see after scanning down to post in disgust, that you are truly just that dumb. Go ahead continue posting we're all having fun reading you silly uneducated comments, the "we're all" I'm speaking of is us Alaskans, just in case your unable to put the two and two together.
Fuel is not trucked in, all the big tanker trucks are hauling fuel from Flint Hills to the rest of the interior. Even Valdez gets their gas from Flint Hills. Most of the double tankers on the Richardson are filling up the large consumers like the pump stations and Ft. Greely who all burn diesel for power generation.
The only question is whether gasoline and heating oil should be considered a utility or not. If GVEA charged 30 or even 40 cents a kWh would you disconnect your electricity? Of course not, you might use less, but you would still pay it. If heating oil was $9 you will still pay for it and some villages are paying that much right now. Sewer, water, electricity, natural gas, and telephone services are all regulated utilities because there is little competition to keep prices down. Unfortunately there is nothing to keep gas prices down in Alaska.
Unfortunately there is nothing to keep gas prices down in Alaska.
Fairbanksgas, you are right. Just be glad you arent paying village prices. Here in Galena, it is 7 a gallon for gas and 6.60 for heating fuel. In some villages it is even much more for both!!
In my opinion we get charged what we are because they can who is gonna question the places and people selling the gas sure not our represenitives they dont care. Why does the newsminer send out a reporter and do some investigating oh i forgot they dont do that they just reprint what ever comes over the wire. Dont bother emailing the Govenor or Ted cause i did and got no response from either one. And for everyone that keeps saying cut back on your driving get a life you can only cut back so much. If gas can drop so much down south it should drop here period we are just getting gouged plain and simple.
"How would you like it is GVEA had to raise electric rates to 30 cents so that they could make up for losses on a long term contract to sell power to Ft. Knox for 5 cents?"
Im pretty sure I remember when our electric bill used to say "your bill had been reduced by X amount because of Ft Knox Margins". So Ft Knox actually reduced your rate. Also Ft knox paid over 3 million dollars for a months power bill so I dont think they are getting it for 5 cents a kw/h. Actually I know they dont. I suppose that this person also thinks Ft Knox doesnt pay its fare share for the minerals they remove from the state when they actually pay one of the highest amounts in borough property taxes. Also the mining industry pays more in taxes than the fishing and tourism industry. Its those kind of ignorant statements where people think all Corporations get a break is what is going to get measure 4 passed and shut down all mining in AK. Then youll read my thoughts on what the people say about the 1200 dollars extra being welfare will be cuz I will need it cuz I will be out of a job along with 400 other people in Fairbanks and countless others in the state.
We need to make sure the 10 billion wind fall money goes to cut the cost power in Alaska. Hydro, wind, geothermal, ocean current etc WILL cut the cost of power for generations to come. The 1,200 bucks is nothing more than iodine on a gushing cut.
Look what the TVA did for the mid south eastern states. Look what hydro did for the pacific north west. Look what the dams along the Colorado River did for the south west. Low cost power makes economic development possible.
GVEA's current 23 cents is a killer price.
It is nice to have the 1,200 bucks, but I much rather have electricity at 2 cents per Kwh.
With low cost electricity, Fairbanks would be "green" in the blink of an eye! You could heat your house and afford to charge they battery in your electric car.
Electric cars use about 1 kwh per mile. At 23 cents a trip to Anchorage would cost over 140 dollars. At 2 cents per kwh, the same trip would cost 14 bucks.
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