Alaska Oil Prices Surge, Budget Gap Narrows

0:00It's March 10th, here's your Anchorage News in two minutes. Alaska North Slope oil prices shot up to $94.8 a barrel on Friday, marking again a more than $12 from Thursday alone. This spike follows weeks of tension in the Middle East, where conflict has driven prices higher after they sat in the mid-60 dollar range not long. Ago. Lawmakers on both sides of the aisle are preaching caution, with House Speaker Bryce Edgeman stressing the need for a balanced budget, despite the windfall. Meanwhile, drivers are feeling the pinch at the pump, as statewide gas averages climbed to $3.91 a gallon on Monday, up, from $3.62 just a week earlier. Higher revenues could plug a $500 million gap in the budget, or boost dividends, but leaders like Senate Finance Chair Bert Stedman warned, against overspending to stay fiscally responsible. This episode is proudly sponsored by our partner. Relax deeper, reset faster, comfort you can hear, S-O-L-I-SOLIPILLOW.com