Economy

On the southern peninsula, where Hilcorp does lots of oil and gas exploration, not all private property owners are content to lease the company their mineral rights. Some of Hilcorp’s neighbors in Ninilchik are rejecting the company’s offers for the gas beneath their land.

The reopening of the fishery this summer was just a temporary fix. And once again, UCIDA and the feds are at odds over what comes next.

Oil and gas company Marathon Petroleum said global instability is complicating its plans on the Kenai Peninsula.

The new Three Bears location in Sterling is slated to open on Friday, Aug. 5.Construction delays pushed the original opening back more than a year. But the Wasilla-based company says it hopes everything will be good to go Friday at the new location — which will include a grocery store, gas station, liquor store, convenience store, and Ace Hardware store.

Global markets unsettled by the war in Ukraine have bumped up gas prices and disrupted energy supply chains in the U.S. and abroad.Boosters of the long sought Alaska Liquified Natural Gas project say those same factors make it the perfect time to invest in their plan to build their $39 billion dollar project.

Last week, the White House announced U.S. gas prices had been on the decline for over a month, marking some of the fastest price declines in a decade, but while gas prices across the nation have been steadily decreasing since they peaked in mid-June, Alaska drivers haven’t been so lucky.

Several businesses on the Kenai Peninsula are experiencing stock shortages as a result of supply chain issues.

Summer tourists have been the primary drivers of Homer's local economy and lodging options for decades.City officials say many local homes are only available for short-term leases, which essentially makes it impossible for people looking for longer-term affordable housing to find it.

Money from the federal Infrastructure Investment and Jobs Act is helping Alaska with a myriad of different projects — from bluff stabilization in Kenai to port improvements in Nome.The funds are also going to help the Alaska Energy Authority build out a corridor of electric vehicle fast-chargers along the road system, which it hopes will make it easier for current and future EV users to get around the state.

Farming in Alaska can be an art as well as a science, being on the edge of land that can be cultivated. But in the last two years, the cost of doing it has increased, stretching farmers.The price for fertilizer has drastically increased in the last year—in some cases, it’s doubled. The price for gasoline and diesel has also climbed across Alaska, which farmers rely on to run equipment and transport crops and livestock.