Average gasoline prices in Arkansas have fallen 3.1 cents per gallon in the last week, averaging $2.86 per gallon today, according to GasBuddy’s survey of 1,826 stations in Arkansas. Prices in Arkansas are 19.5 cents per gallon higher than a month ago and stand 12.3 cents per gallon lower than a year ago. The national average price of diesel has fallen 2.6 cents in the last week and stands at $4.06 per gallon.
According to GasBuddy price reports, the lowest price in the state yesterday was $2.45 per gallon, while the highest was $4.19 per gallon, a difference of $1.74 per gallon.
The national average price of gasoline has fallen 1.9 cents per gallon in the last week, averaging $3.24 per gallon today. The national average is up 13.3 cents per gallon from a month ago. It stands 9.2 cents per gallon lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.
“Motorists have finally seen a bit of a break in the recent rise in the national average, with more states seeing drops than increases in the last week. While the pause has certainly been nice, this is more like a rain delay than it is a seventh-inning stretch,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “It’s likely only a matter of time before we see the rise re-engage and prices start to head higher, but we’ll take any break that we can. Oil prices have shown some signs of struggling last week after coming within arms reach of $80 per barrel before falling closer to $76, but all eyes are on refiners as utilization remained seasonally weak, around 80% of capacity, meaning there’s less gasoline and diesel being produced. That’s why it’s just a matter of time before prices collide with rising demand and start to accelerate again.”
GasBuddy data is accessible at http://prices.GasBuddy.com.
Have a news tip or event to promote? Email White River Now at news@whiterivernow.com. Be sure to like and follow us on Facebook and Twitter. And don’t forget to download the White River Now mobile app from the Google Play Store or the Apple App Store.
Get up-to-date local and regional news/weather every weekday morning and afternoon from the First Community Bank Newsroom on Arkansas 103.3 KWOZ. White River Now updates are also aired weekday mornings on 93 KZLE, Outlaw 106.5, and Your FM 99.5.
