Gas Prices Climb in Arkansas as National Averages Rise

Gasoline prices in Arkansas have increased over the past week, reflecting a broader upward trend across the United States. According to a survey of over 1,800 stations by GasBuddy, the average price in Arkansas has risen by 5.9 cents, bringing the current average to $3.74 per gallon.

While prices are slightly lower than they were a month ago, Arkansas drivers are paying significantly more than they did last year, with prices up approximately 98 cents per gallon. There is a notable disparity in local pricing across the state; the cheapest fuel was found in Hot Springs at $3.32 per gallon, while the most expensive reached $4.69.

Regional data shows varying costs in north central Arkansas. In Leslie, Smith's Station offered gas for $3.65 per gallon. Prices in Boone and Marion counties remained relatively tight, ranging between $3.89 and $3.99. Searcy County saw prices between $3.65 and $3.97, while no data was reported for Newton County.

On a national level, the average price of gasoline rose by 2.9 cents to $4.05 per gallon. Diesel fuel experienced an even sharper increase, jumping 16.6 cents to a national average of $5.58 per gallon.

Patrick De Haan, head of petroleum analysis at GasBuddy, noted that gasoline prices are currently at their highest recorded levels for this time of year. He warned that the national average could exceed $4 per gallon by Labor Day, which would surpass the previous record set in 2012. De Haan attributed this volatility to a decrease in global refined fuel supplies, driven largely by attacks on Russian refinery capacity. Experts suggest that until the global refining situation improves, fuel prices will likely remain under upward pressure.

Share this article...