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You may have noticed that the fuel for your vehicle has gone down from around $4 a gallon earlier this year to about $3.50 a gallon recently (in the Fairbanks area).  Depending where you shop for fuel in Alaska, you may have seen a 15% decrease at the pump during this past year. Yet on world trade, the price has dropped about 30% a barrel (as it was $100 a barrel and is now about $70 a barrel). You are getting some individual benefit at the pump, and if you use oil to heat your house you benefited the last time you filled up the fuel tank for the furnace,boiler or Toyo stove. But as a recipient of statewide benefits that are largely paid for by budget revenues fueled by oil production, how are you fairing from the drop in the price of crude oil? A lot of that answer is tied to the tax and credit system the State operates with oil producers.  Alaska Dispatch News Reporter Dermot Cole has an interesting article to look at. It is a pertinent article, as having just gone through a referendum vote where every Alaskan got a say in whether to keep the legislatively crafted Senate Bill 21 or not, there is now a real life example to test some of recent assumptions that were made by experts. There are a lot of forecasts and accounting systems involved that make the economic impact to Alaskans (of crude oil price changes) complex, yet in simple terms this article is good to start thinking about several energy dynamics that are at work.  See what you think after reading this article. Are you better off in whole with lower prices in this new context of dropping oil prices?

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