(August 5, 2019) - Arkansas gas prices have fallen 1.6 cents per gallon in the past week, averaging $2.36/g today, according to GasBuddy’s daily survey of 1,826 stations. Gas prices in Arkansas are 0.5 cents per gallon higher than a month ago, yet stand 23.4 cents per gallon lower than a year ago.
According to GasBuddy price reports, the cheapest station in Arkansas is priced at $2.14/g today while the most expensive is $2.89/g, a difference of 75.0 cents per gallon. The lowest price in the state today is $2.14/g while the highest is $2.89/g, a difference of 75.0 cents per gallon. The cheapest price in the entire country today stands at $1.97/g while the most expensive is $5.09/g, a difference of $3.12/g.
The national average price of gasoline has fallen 2.6 cents per gallon in the last week, averaging $2.70/g today. The national average is down 5.6 cents per gallon from a month ago, yet stands 15.8 cents per gallon lower than a year ago.
Historical gasoline prices in Arkansas and the national average going back a decade:
August 5, 2018: $2.59/g (U.S. Average: $2.86/g)
August 5, 2017: $2.11/g (U.S. Average: $2.34/g)
August 5, 2016: $1.90/g (U.S. Average: $2.12/g)
August 5, 2015: $2.36/g (U.S. Average: $2.63/g)
August 5, 2014: $3.26/g (U.S. Average: $3.48/g)
August 5, 2013: $3.38/g (U.S. Average: $3.60/g)
August 5, 2012: $3.37/g (U.S. Average: $3.61/g)
August 5, 2011: $3.56/g (U.S. Average: $3.69/g)
August 5, 2010: $2.62/g (U.S. Average: $2.75/g)
August 5, 2009: $2.45/g (U.S. Average: $2.58/g)
Neighboring areas and their current gas prices:
Memphis- $2.43/g, down 3.8 cents per gallon from last week’s $2.47/g.
Little Rock- $2.33/g, down 2.1 cents per gallon from last week’s $2.35/g.
Shreveport- $2.27/g, down 0.6 cents per gallon from last week’s $2.27/g.
“Gas prices have remained somewhat stable in the last week, falling in most communities across the country as oil prices remain under fire over renewed concerns of an economic slowdown in the U.S. as President Trump slapped China with new sanctions, driving the worry,” said Patrick DeHaan, head of petroleum analysis at GasBuddy. “There’s a growing threat that gas prices may plunge this fall- perhaps as much as 50 cents per gallon by Thanksgiving- as headwinds have killed off any demand growth and gasoline demand plummets after summer. It appears less and less likely that the trade spat between the world’s two largest economies will cease any time soon, and that threat will likely stifle gas prices for the immediate future.”