Friday, December 2, 2011

Alaska Resident Could End Up With $9-A-Gallon Gas

The residents of Nome, Alaska, could be looking down the gas hose of gas at $9 a gallon. The coastal city of more than 3,500 residents that is known for the Iditarod Trail Sled Dog Race is iced-in, and a massive winter storm this month prevent a barge that usually carries fuel from getting to shore. The most likely plan is to fly it in, but it would be expensive and could be a logistical nightmare. A gallon of gas was selling for $5.98 and jet fuel $6.77 a gallon two days ago. The next barge delivery wouldn’t be until next June. In the meantime, flying fuel to the city could increase the cost per gallon by $3 to $4.