Average gasoline prices in Arkansas have risen 4.5 cents per gallon in the last week, averaging $2.65 per gallon today, according to GasBuddy’s survey of 1,826 stations in Arkansas.
Prices in Arkansas are one cent per gallon higher than a month ago and stand 48.9 cents per gallon lower than a year ago.
The national average price of gasoline has risen 4.5 cents per gallon in the last week, averaging $3.07 per gallon today. The national average is down 4.1 cents per gallon from a month ago and stands 41.2 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.
The national average price of diesel has fallen 0.5 cents in the last week and stands at $3.87 per gallon.
According to GasBuddy price reports, the lowest price in the state yesterday was $2.39 per gallon, while the highest was $3.25 per gallon, a difference of 86.0 cents per gallon.
“We’ve seen the national average price of gasoline bounce back up after cold weather-related refinery shutdowns pushed up the wholesale price of gasoline. Plus, recent GDP data and new attacks in the Red Sea have pushed oil prices to their highest level since November,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While prices have inched up and may continue to slowly rise, I believe the larger increases will be witnessed in a few weeks as we enter mid-February, lasting through April or May, during which the national average could rise 35 to 85 cents per gallon. Other issues and tensions could complicate how quickly prices rise or how high they go, so while the rise is not completely charted, it could deviate from our expectations.”
GasBuddy data is accessible at prices.GasBuddy.com.
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