Average gasoline prices in Arkansas have risen 2.7 cents per gallon in the last week, averaging $2.67 per gallon this week, according to GasBuddy’s survey of 1,826 stations in Arkansas. Prices in Arkansas are 13.8 cents per gallon lower than one month ago and stand unchanged compared to a year ago. The national average price of diesel has risen 0.6 cents in the last week and stands at $4.00 per gallon.
In Baxter County, prices range from $2.57 to $2.77 per gallon.
According to GasBuddy price reports, the cheapest station in Arkansas was priced at $2.42 per gallon in Morrilton while the most expensive was $3.80 per gallon, a difference of $1.38 per gallon.
The national average price of gasoline has risen 2.9 cents per gallon in the last week, averaging $3.07/g today.
Neighboring areas and their current gas prices for travelers:
– Memphis- $2.88 per gallon.
– Little Rock- $2.65 per gallon.
– Springfield – $2.71 per gallon.
– Tulsa – $2.51 per gallon.
– Dallas – $2.71 per gallon.
– St. Louis, Mo. – $2.89 per gallon.
Patrick De Haan, head of petroleum analysis at GasBuddy says, “After 13 straight weeks of decline, average gasoline prices have edged higher due to optimistic comments from the Fed on cutting interest rates in 2024, coupled with Houthi attacks on vessels in the Red Sea, boosting concerns of a disruption to global shipping, including oil shipments. For now, the price of gasoline has already jumped, but could ease slightly this week ahead of the New Year. For now, I’m optimistic that we may still have a chance of seeing the first $2.99 national average since 2021 sometime before spring arrives. We’ll have the full details on what we expect for gasoline and diesel prices in 2024 later this week. Hopefully motorists will be able to celebrate a New Year with good news at the pump!”
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