Alaska Sinks to Bottom of Business Rankings on Oil Price Woes

The high dependence on oil for state revenues is squeezing Alaska’s budget when oil prices decline and making its economy grow below the national average. The struggling economy amid volatile oil prices is the key reason why Alaska has been rated as the worst state for doing business in America in 2025 by CNBC. Alaska ranks 50th in CNBC America’s Top States for Business rankings in 2025. The state of the economy has the biggest weight in compiling the rankings, but workforce, infrastructure, the cost of doing business, and technology…