From the National Weather Service:
A vigorous low pressure system moving across the Bering and Chukchi Seas Friday through Sunday will bring active weather to much of the Interior this weekend. A weather front associated with this system will sweep across the region Friday night through Sunday, bringing snow along with strong winds and blowing to summits along the Steese, Elliott and Dalton Highways.
Although there is still some uncertainty in the forecast details, especially with snow amounts, this weather system will likely result in significant snowfall over portions of the central Interior. Snow is expected to spread in from the west on Friday night and continue into Sunday in most locations. Snowfall in excess of 8 inches is possible in some locations, especially over higher terrain and southwesterly facing slopes.
In the Fairbanks areea, the heaviest snow is expected to fall north and west of town. As often seen in this winter pattern, the Alaska Range may block much of the snowfall from spreading southeast of Fairbanks, and it is likely that snowfall will be much lighter east of North Pole.
Warm air being pushed northward with this system may also result in a period of freezing rain Saturday evening in Fairbanks before changing back to snow overnight. Freezing rain is also possible west of Fairbanks on Saturday afternoon.
Watches or advisories will likely be issued for this hazardous weekend weather as confidence in snowfall amounts increases over the next 24 hours.