FOR IMMEDIATE RELEASE
(February 17, 2020) - Arkansas gas prices have fallen 0.4 cents per gallon in the past week, averaging $2.13/g today, according to GasBuddy’s daily survey of 1,826 stations. Gas prices in Arkansas are 11.8 cents per gallon lower than a month ago and stand 9.6 cents per gallon higher than a year ago.
According to GasBuddy price reports, the cheapest station in Arkansas is priced at $1.89/g today while the most expensive is $2.99/g, a difference of $1.10/g. The lowest price in the state today is $1.89/g while the highest is $2.99/g, a difference of $1.10/g. The cheapest price in the entire country today stands at $1.71/g while the most expensive is $100.60/g, a difference of $98.89/g.
The national average price of gasoline has risen 0.7 cents per gallon in the last week, averaging $2.43/g today. The national average is down 12.1 cents per gallon from a month ago and stands 11.5 cents per gallon higher than a year ago.
Historical gasoline prices in Arkansas and the national average going back ten years:
February 17, 2019: $2.03/g (U.S. Average: $2.31/g)
February 17, 2018: $2.31/g (U.S. Average: $2.52/g)
February 17, 2017: $2.09/g (U.S. Average: $2.28/g)
February 17, 2016: $1.49/g (U.S. Average: $1.71/g)
February 17, 2015: $2.11/g (U.S. Average: $2.26/g)
February 17, 2014: $3.14/g (U.S. Average: $3.35/g)
February 17, 2013: $3.57/g (U.S. Average: $3.73/g)
February 17, 2012: $3.41/g (U.S. Average: $3.52/g)
February 17, 2011: $3.00/g (U.S. Average: $3.14/g)
February 17, 2010: $2.45/g (U.S. Average: $2.58/g)
Neighboring areas and their current gas prices:
Memphis- $2.22/g, down 0.8 cents per gallon from last week’s $2.23/g.
Little Rock- $2.09/g, down 3.6 cents per gallon from last week’s $2.12/g.
Shreveport- $2.03/g, up 3.1 cents per gallon from last week’s $1.99/g.
“Oil prices rebounded last week on word that OPEC members were closely considering cutting global oil production for several months to offset the decline in demand due to the coronavirus, pushing the national average marginally higher versus a week ago,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “While it’s possible average gasoline prices will remain within arm’s reach of recent lows, unless there’s renewed or new concerns with the spread of the coronavirus, we may have seen the deepest discounted prices behind us, with some chance we’ll hold close to the lows before the seasonal rally begins in earnest. It wouldn’t be a bad time to fill up to hedge the chances of prices rising in the coming days.”
GasBuddy is the authoritative voice for gas prices and the only source for station-level data spanning nearly two decades. Unlike AAA’s once daily survey covering credit card transactions at 100,000 stations and the Lundberg Survey, updated once every two weeks based on 7,000 gas stations, GasBuddy’s survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country. GasBuddy data is accessible at http://FuelInsights.GasBuddy.com.