The Kenai Peninsula Economic Outlook Forum is coming up on Jan. 9. Presented by the Kenai Peninsula Economic Development District, the forum will be held in Homer this year. I spoke with K-PEDD's executive director Tim Dillon about the day-long gathering.
Our number this week is a small handful of figures associated with the price of oil. On Jan. 1 this year, the price of oil was $60.37 per barrel. It closed yesterday at $44.61, just above its lowest price of the year of $42.53, set on Monday. Oil's peak was $76.41 on Oct. 3. The average oil closing price over the year was $65.96. The change over the year was minus 26.17 percent. That follows a 12% increase last year and a 45% increase in 2016.