Special to the Camden News
Arkansas gas prices have fallen 0.3 cents per gallon in the past week, averaging $2.75/g today, according to GasBuddy’s daily survey of 1,826 stations in Arkansas. Gas prices in Arkansas are 4.1 cents per gallon higher than a month ago and stand $1.04/g higher than a year ago.
According to GasBuddy price reports, the cheapest station in Arkansas is priced at $2.49/g today while the most expensive is $3.19/g, a difference of 70.0 cents per gallon. The lowest price in the state today is $2.49/g while the highest is $3.19/g, a difference of 70.0 cents per gallon.
The national average price of gasoline has risen 0.6 cents per gallon in the last week, averaging $3.04/g today. The national average is up 8.4 cents per gallon from a month ago and stands $1.02/g higher than a year ago.
Historical gasoline prices in Arkansas and the national average going back ten years:
June 7, 2020: $1.71/g (U.S. Average: $2.02/g)
June 7, 2019: $2.41/g (U.S. Average: $2.75/g)
June 7, 2018: $2.65/g (U.S. Average: $2.94/g)
June 7, 2017: $2.09/g (U.S. Average: $2.35/g)
June 7, 2016: $2.12/g (U.S. Average: $2.36/g)
June 7, 2015: $2.49/g (U.S. Average: $2.76/g)
June 7, 2014: $3.37/g (U.S. Average: $3.66/g)
June 7, 2013: $3.34/g (U.S. Average: $3.64/g)
June 7, 2012: $3.24/g (U.S. Average: $3.56/g)
June 7, 2011: $3.55/g (U.S. Average: $3.76/g)
Neighboring areas and their current gas prices:
Memphis- $2.88/g, down 1 cent per gallon from last week’s $2.89/g.
Little Rock- $2.73/g, up 2.4 cents per gallon from last week’s $2.70/g.
Shreveport- $2.68/g, down 1 cent per gallon from last week’s $2.69/g.
“We’re entering our fourth straight week with the national average above the key $3 per gallon level, but while gas prices haven’t broken past the low $3s, they have also failed to decline much from their peak as demand for gasoline continues to push higher as the summer driving season is underway,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “According to GasBuddy data, gasoline demand last week eclipsed the prior week, when millions of Americans were gearing up for Memorial Day travel, not an easy feat, but highlights that economic conditions are ripe for continued growth in demand, contributing to prices holding at high levels. As OPEC has maintained a slow but steady increase in oil production, that additional production is quickly being gobbled up by a global economy that continues to recover. Our current gas prices likely won’t change much by July 4, but remain stubbornly high, barring any major curveballs to supply and demand.”
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.