Guest Commentary: Release the brake on state motor fuel tax rate
May 6, 2021
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 yea...