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GasBuddy: Gas prices jump in state over past week

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Average gasoline prices in Arkansas have risen 10.4 cents per gallon in the last week, averaging $3.47 per gallon today, according to GasBuddy’s survey of 1,826 stations in Arkansas.

Prices in Arkansas are unchanged versus a month ago and stand 35.1 cents per gallon higher than a year ago. The national average price of diesel has fallen 0.9 cents in the last week and stands at $4.426 per gallon.

According to GasBuddy price reports, the cheapest station in Arkansas was priced at $2.99 per gallon yesterday while the most expensive was $4.19 per gallon, a difference of $1.20 per gallon.

The national average price of gasoline has risen 1.6 cents per gallon in the last week, averaging $3.79 per gallon today. The national average is down 3.0 cents per gallon from a month ago and stands 11.4 cents per gallon higher 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.

Neighboring areas and their current gas prices:

  • Memphis- $3.44/g, down 1.6 cents per gallon from last week’s $3.46/g.
  • Little Rock- $3.35/g, up 2.7 cents per gallon from last week’s $3.32/g.
  • Shreveport- $3.17/g, down 3.7 cents per gallon from last week’s $3.21/g.

 

“The national average hit some road bumps over the last week after starting to decline early in the week. The second half saw the national average rise as gas prices in the Corn Belt started spiking, pulling the average price in the US along with it,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “In addition, the West Coast saw more refinery snags, pushing gas prices higher, and so areas of the West Coast got punched along with the Corn Belt states. Over 10 states saw prices rise by over 10 cents per gallon compared to last week, while some like Iowa and Minnesota have seen average prices spike by over 30 cents per gallon. There is some good news for those in the hardest hit states in the Midwest, however, as gasoline prices should start to level off and even decline by mid-week. And with most of the nation switching back to cheaper winter gasoline on Saturday, we should see more price decreases for most of the nation in the weeks ahead, barring further refinery disruptions and hurricane season. Fall tends to bring falling gas prices, and I’m hoping this year won’t be any different.”

GasBuddy is the authoritative voice for gas prices and the only source for station-level data. GasBuddy’s survey updates 288 times daily from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country. GasBuddy data is accessible at http://prices.GasBuddy.com.

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