An online survey of over 1,800 Arkansas gas stations shows average gasoline prices have fallen 8.2 cents per gallon in the last week.
According to GasBuddy price reports, prices in Arkansas are 5.0 cents per gallon lower than a month ago and stand $1.52 per gallon higher than a year ago. The price of diesel has fallen 6.3 cents nationally in the past week and stands at $5.72 per gallon.
On Monday, the lowest price in the state for regular unleaded was $3.90 per gallon (in the Paragould area) while the highest was $5.30 per gallon, a difference of $1.40 per gallon.
The national average price of gasoline has fallen 10.4 cents per gallon in the last week, averaging $4.78 per gallon today, according to GasBuddy. The national average is down 7.2 cents per gallon from a month ago and stands $1.66 per gallon higher than a year ago, according to data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.
“As expected, and for the third straight week, average gasoline prices have fallen to their lowest level in over a month. The price of wholesale gasoline has plummeted, providing price relief as millions of Americans hit the road for the holiday weekend,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
“While we may see prices decline into this week, the drop could fade soon if oil prices reverse, especially with strong demand over the holiday. For the time being, Americans are spending nearly $100 million per day less on gasoline than when prices peaked a few weeks ago, and that’s well-needed relief at a time when gas prices remain near records.”
For the latest Arkansas gas prices from GasBuddy, click here.
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