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Where is petroleum found in Alaska?

After nearly six decades of commercial oil and gas production in Alaska, the North Slope and Cook Inlet sedimentary basins still host enormous, untapped petroleum potential.

Where does Alaska gasoline come from?

A refinery in Kenai, southwest of Anchorage, produces most of the states motor gasoline as well as some distillate fuel oil. Two other refineries, located in Valdez and near Fairbanks, also produce diesel and heating fuels.

How much undrilled oil is in Alaska?

Alaska had proved oil reserves amounting to nearly 3.13 billion barrels as of 2021.

What is the tax credit for oil in Alaska?

Effective for tax years beginning after December 31, 2013, a taxpayer may claim a credit against its Alaska corporate income tax for qualified oil and gas service industry expenditures under AS 43.20. 049. The amount of credit is 10% of qualified expenditures, up to a maximum of $10,000,000 per tax year.

How much is the gas tax in Alaska?

Gas Tax by State StateGasoline TaxUndyed Diesel TaxAlaska$0.0895 / gallon$0.0895 / gallonArizona$0.18 / gallon$0.18 or $0.26/ gallonArkansas$0.247 / gallon$0.285 / gallonCalifornia$0.511 / gallon$0.389 / gallon48 more rows

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