Average gasoline prices in Arkansas have fallen 3.1 cents per gallon in the last week, averaging $2.86 per gallon, 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 cheapest station in Arkansas is priced at $2.45 per gallon while the most expensive is $4.19 per gallon, a difference of $1.74 per gallon.
Prices in Baxter County have a wide range, stretching from $2.95 to $3.09 per gallon.
The national average price of gasoline has fallen 1.9 cents per gallon in the last week, averaging $3.24 per gallon. The national average is up 13.3 cents per gallon from a month ago and 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.
Patrick De Haan, head of petroleum analysis at GasBuddy says “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 7th inning stretch. 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.”
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