No, Anchorage and Fairbanks are not in the same time zone. Anchorage is in the Alaska Time Zone (AKST/AKDT), while Fairbanks is in the Alaska Time Zone as well—they actually are in the same time zone. Both cities observe Alaska Standard Time (AKST), which is UTC-9 in winter, and Alaska Daylight Time (AKDT), which is UTC-8 in summer. This means there is no time difference between the two cities; when it's noon in Anchorage, it's also noon in Fairbanks. Both cities change their clocks on the same dates for daylight saving time transitions. The only reason one might think they're in different zones is due to the vast geographic distance between them—Anchorage is in south-central Alaska while Fairbanks is in the interior, about 360 miles north. However, this geographic separation does not result in a time zone difference. If you're traveling between these cities, you won't need to adjust your watch for the time zone itself, though you will notice significant differences in daylight hours depending on the season due to Alaska's high latitude.