Gas prices in Arkansas have seen another decline in the past week.
Average gasoline prices in the state have fallen 6.8 cents per gallon in the last week, averaging $3.33 per gallon today, according to GasBuddy‘s survey of 1,826 stations in Arkansas.
Prices in Arkansas are 3.0 cents per gallon lower than a month ago and stand 14.8 cents per gallon higher than a year ago. The national average price of diesel has fallen 0.7 cents in the last week and stands at $4.52 per gallon.
According to GasBuddy price reports, the lowest price in the state yesterday was $2.87 per gallon, while the highest was $4.12 per gallon, a difference of $1.25 per gallon.
The national average price of gasoline has fallen 3.5 cents per gallon in the last week, averaging $3.77 per gallon today. The national average is down 2.8 cents per gallon from a month ago and stands 1 cent 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.
“While this week saw average gasoline prices moving higher again in the West, most of the nation saw a noticeable decline in gasoline prices. However, with California allowing the transition to winter gasoline to begin immediately, easing supply concerns, we’re likely to see nearly the entire country see gasoline prices trend lower in the week ahead,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “You could say Christmas is coming early: California should quickly see prices fall back below $6, and once all refinery snags are addressed and maintenance complete, I would not be surprised to see prices even fall below $5 there later this year. Areas of Arizona, Las Vegas, and Reno could fall back below $4 by the end of the year as well. While the trend is likely to be a strong one to the downside, small issues here and there could temporarily delay the onset of lower prices, but for now, motorists need not be in any rush: lower gas prices are on the way for every U.S. state in the weeks ahead.”
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