From the publisher: Release the brake on state motor fuel tax rate

The last time Alaska changed the state tax on motor fuel, gasoline cost about 36 cents a gallon at a Lower 48 pump, the average home price in the United States was $24,000, and the average price of a new car was about $3,500.

The motor fuel tax rate in Alaska in 1970 was 8 cents a gallon, about half the price of a cup of coffee.

Gasoline now runs about $2.50 a gallon in the Lower 48, $3 in Anchorage, and closer to $4 a gallon in California.

The average home price in the country is over $300,000.

The average price of a new vehicle in the country tops $38,000.

And back in Alaska, after 50 years,...

 

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