Arkansas, AR, October 22- Gasoline prices in Arkansas have fallen 3.9 cents per gallon in the past week, averaging $2.60/g yesterday, according to GasBuddy’s daily survey of 1,826 stations in Arkansas. This compares with the national average that has fallen 4.7 cents per gallon versus last week to $2.83/g, according to GasBuddy.
Average gasoline prices on October 22 in Arkansas have ranged widely over the last five years:
$2.18/g in 2017, $2.01/g in 2016, $2.03/g in 2015, $2.89/g in 2014 and $3.12/g in 2013.
Including the change locally during the past week, prices yesterday were 41.6 cents per gallon higher than a year ago and are 1.3 cents per gallon higher than a month ago. The national average has dropped 1.6 cents per gallon during the last month and stands 39.6 cents per gallon higher than a year ago.
Areas near Arkansas and their current gas price climate:
Memphis- $2.64/g, down 2.4 cents per gallon from last week’s $2.67/g.
Little Rock- $2.57/g, down 3.8 cents per gallon from last week’s $2.61/g.
Shreveport- $2.53/g, down 5.9 cents per gallon from last week’s $2.59/g.
“Much of the country continues to enjoy broad decreases in gas prices as oil prices drop to $69 per barrel. In fact, with the exception of the West Coast where an earlier natural gas pipeline shut down caused prices to up, nearly every state saw prices move lower,” said Patrick DeHaan, head of petroleum analysis at GasBuddy. “The Great Lakes has seen prices drop 30-50 cents per gallon at individual stations since the start of October, leading decliners. The fall relief that has been expected for weeks has finally arrived. Gasoline economics typically weaken shortly after summer, but we experienced somewhat of a delay due to concern over Iran sanctions and OPEC production, but seemingly the market has become more concerned with other factors, and thus far, the affect on motorists has been lower gas prices. While Great Lakes states may see prices bounce of current lows in the week ahead, much of the rest of the country will likely see additional downward movement,” DeHaan added.
For LIVE fuel price averages, visit http://FuelInsights.GasBuddy.com.
GasBuddy is the technology company changing the way more than 75 million consumers find, purchase, and save money on gasoline. Founded in 2000, the original GasBuddy website was a pioneer in crowd-sourced information, leveraging technology, big data, and a passionate community that now connects more than 70 million users with real-time, accurate fuel pricing information as well as reliable reviews of gas station amenities and services. The app and website have the most accurate and real-time fuel prices at over 140,000 unique stations in the United States, Canada, and Australia and is the most comprehensive money-saving companion while on the road. GasBuddy is available on all mobile platforms. For more information, visit www.gasbuddy.com.