As of May 29, gas prices in Alaska’s major cities have seen a notable decrease compared to the same period last year, aligning with national trends of declining fuel costs.
In Anchorage, the average price for a gallon of regular gasoline is currently $3.58, down from $4.25 a year ago, a decrease of 67 cents, according to GasBuddy, a blog that tracks fuel prices.
That is a nearly 20% drop in prices since last year, when Biden was president. We found gas at Circle K on Old Seward Highway as low as $3.46.
The reduction reflects a broader national trend, with the US average price of gasoline at $3.13 per gallon, which is 43 cents lower than a year ago.
The highest gas price ever recorded in Anchorage history was during the Biden Administration on June 20, 2022, at $5.56, with diesel selling at $6.07.
Fairbanks residents are currently paying an average of $3.69 per gallon for regular gasoline, compared to $4.21 at this time last year, a 52-cent decrease, according to AAA.
Juneau drivers are paying an average of $3.62. It’s higher in Ketchikan, at $4.76, according to AAA.
Statewide, the average is $3.66, compared with $4.26 one year ago. Check the AAA chart at this link for your area.
“While the national average didn’t fall quite as far as anticipated for Memorial Day, it was still one of the most affordable since 2021 — and, when adjusted for inflation, among the cheapest in nearly a decade,” said Patrick De Haan, head of petroleum analysis at GasBuddy in a blog post. “As we move into the heart of summer, I believe we’re likely to see a relatively stable stretch for gas prices as refinery maintenance wraps up. Don’t expect the national average to rise above $3.30 per gallon, nor drop much below $3 for now. While refining issues on the West Coast are beginning to ease, several factors could still influence prices in the weeks ahead — including growing uncertainty around the upcoming hurricane season. We’ll also be watching OPEC+’s meeting this week to see if they boost oil production again for July as well.”
The US Energy Information Administration reported that the national average price for regular gasoline was $3.16 per gallon as of May 26, down 41.7 cents from the same time in 2024.
According to the EIA’s short-term energy outlook released in May, the average US regular gasoline retail price is projected to be $3.09 per gallon in 2025, down from $3.31 in 2024.
“The national nightmare that was Biden’s war on American energy is over,” the White House wrote last week. “After President Donald J. Trump declared a National Energy Emergency on his first day in office, his administration has taken relentless action to revive the nation’s energy capabilities and undo the Biden-era stranglehold on American energy production.”
In October of 2022, Democratic state Sen. Bill Wielechowski and Sen. Scott Kawasaki sent a huffy demand letter to Alaska Attorney General Treg Taylor, reiterating their unfounded claim that Alaska gasoline prices were high due to collusion and price gouging.
You won’t hear about this on the fake news networks.
Channel 2 will only broadcast the anti Trump stories.
Overall the Cost of Living has Increased since Jan 20th.
Why do you lie, Teri? The annual inflation rate for the United States was 2.3% for the 12 months ending April, compared to the previous rate increase of 2.4%, according to U.S. Labor Department data published on May 13 by Inflation Calculator. In 2022, the overall inflation rate reached 9%, the highest in a generation. Bidenomics did that.
Annual means year to year increases. Teri is correct that cost of living has increased and your statement backs that up.
Yes, inflation was 2.3% for the 12 months ending April 2025. Yes, this is lower than the previous rate increase of 2.4%. But all that means is that inflation increased the cost of goods by 2.3% over that year when compared to the prior year.
Basically, everything increased 2.4% for the previous year (April 2023-April 2024) then everything increased by 2.3% above the previous years costs.
Here is a math example. Cost of item was $100 in April 2023. With an inflation rate of 2.4% for the following 12 months, that item now costs $102.40 as of April 2024. Now the inflation rate for the following 12 months of 2.3% means that the item now costs $104.76 as of April 2025.
2.3% of $102.40 = $2.36 thus $102.40 + $2.36 = $104.76
Inflation rates may have fallen, but they are still increasing the costs of goods
Don’t know what your seeing, gas prices haven’t gone down much ans lately have gone back up a little. Lower 48 prices have seen good decreases but no reality to rhat in Alaska unless your remote
That’s an outright lie. Most groceries have come down dramatically.
Do you have any numbers to support that?
The cost of living overall has steadily increased for multiple years.
I find it strange that people are affected by politics so much. My cost of living has not increased or decreased over the past 20 years. What are the rest of you all doing to have so much fluctuation in your finances?
Maybe you all need to turn off the TV and stop being so weak and manipulated.
When has the cost of living actually went down?
It always seems to go up, all the time.
The question is by what rate?
It’s $3.26 and $3.34 in talkeetna.
It’s $3.37 at circle K in Wasilla. I know it’s on point in Anch.
$3.49 is comparable cause of .10 cent gas tax. Anchorage has.
Thank you Trump.
Please make an article on Chugiak electric. Why is it my electricity is almost $80 more this yr to this month May. I used to pay $135 last yr just got current bill $220
Noticed it going up this winter used to be $155-180in winter then shot up $220-245 this winter.
“……..10 cent gas tax. Anchorage has……”
This tax fact is worth noting, but it’s incorrect. The tax was recently raised to $0.12 per gallon. For a half century I would try to buy gasoline in Anchorage because it was cheaper than the Valley. Not any more. Local gas is even cheaper than Costco in Anchorage. This is the destiny of liberal socialism; failure.
Yay gas prices are down! Boo-hoo, oil prices are down plunging the State into a deeper financial shortfall.
Once again, the MAGA crowd cheers on Trump, even when it works against their own self interest.
You’re unbelievable.. if breathing wasn’t a natural reflex, you’d of passed on at birth..
The two good Senators are part of the Alaska Democrat Party that last May at the annual convention, voted to disassociated itself from all things gas and oil resources related in Alaska… In other words, bring on the Green New Deal and all the Corporate bailouts and/or handouts possible.
The Senators basis for protest is laughable on their intellectual principles…but valid for prices in the Bush.
If you’ve lived in Alaska any length of time, you would understand that already. It sure didn’t help Alaska to have high gas prices w/Biden in charge, now did it?
is that supposed to be sarcasm? does Trump get credit for 34 less drill rigs working in the US from last May. How about giving Biden credit for those low gas prices in 2021. Maybe having All Employees of Oil and Gas Extraction hitting a 50 year low in 2021 was not such a good thing. Or how about Trump watching the oil industry tanking in 2020 going to Saudi Arabia to try and cut production to get prices up. I like cheap gas as much as anyone. But it is pretty clear low prices are not good for Alaska. You can whine about your $600 PFD next year.
Nothing makes you happy, Whidbey. Even lower gas prices make you miserable. Such as sad man.
It’s because we use gas every day. Since the state is already taking our PFDs we don’t care as much. What do you care anyways Troll?
As a MAGA, I am willing to make some personal sacrifices as long as people like Whidbey keep providing me with emotional entertainment. All the right people are suffering and I have plenty of popcorn.
Maybe because as a colllection of free thinkers we value a blended and dynamic economy verses your high taxes – huge government worldview.
Whidbey,
Why do leftist always tout their beliefs as being better than conservative beliefs because conservatives work “against their own self interest”, aren’t you lefties supposed to be the ones who are supposed to believe in the common good? Why do leftists actively only work towards their own self interest and against the common good while claiming the exact opposite?
He self identifies as a dog, not a leftist. It’s in a dog’s self interest to spend half the day licking their genitals and sniffing butts.
Cue the Trump Derangement Syndrome brigade with their string of irreverent “facts”
“…….the MAGA crowd cheers on Trump, even when it works against their own self interest………”
High oil/gas prices are never something to celebrate unless you’re one that takes advantage of others. I’m not burning gasoline and natural gas in order to prop up state spending for those who need subsidies or bennies. I burn gasoline and natural gas in order to transport my family around, heat my home, and heat my domestic hot water.
Articulately perfect. My statement was muddled, you said what I was trying to.
I’m actually a little confused on this? I paid $3.22 at Palmer FM in February for diesel, now its $3.48?
In fact, it’s actually come up 10-20 cents per gallon everywhere in the valley.
I support Trump but still not sure what’s happening in Alaska.
I remember before Trump was out the 1st time, fuel was at $2.69 at the same price per barrel. Then Dimbo got in. Wish it was that way again.
Gas prices are as fickle as Alaska weather. I have though noticed a drop in grocery prices.
I paid $2.93 a gallon in March for gas near Big Lake. Same gas station is now $3.40 a gallon.
The bigger picture.
Gas buddy has AK reg. gas bottoming @~$3.25 in January ’25 as Trump took office. That was a local bottom as it had been generally declining (with some substantial swings) since a peak in June ’22. Since Trump took office it has actually risen 11% to $3.62 on 5/29 (evening).