ARKANSAS, USA — Local Prices:
Average gasoline prices in Arkansas have risen 15 cents per gallon in the last week, averaging $2.81/g today, according to GasBuddy's survey of over 1,800 stations in Arkansas.
However, compared to a year ago, prices in Arkansas are still down by nine cents per gallon.
GasBuddy reports that the cheapest station in Arkansas was priced at $2.32/g while the most expensive was $3.25/g.
National Prices:
The national average price of gasoline has risen 12 cents per gallon in the last week, averaging $3.17/g today.
The national average is down a whopping 23 cents per gallon from a month ago, and stands 10 cents lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.
Even diesel has fallen 1.4 cents in the last week nationally, standing at about $4.67 per gallon.
Historical gasoline prices in Arkansas and the national average:
- January 2, 2022: $2.90/g (U.S. Average: $3.26/g)
- January 2, 2021: $1.98/g (U.S. Average: $2.25/g)
- January 2, 2020: $2.27/g (U.S. Average: $2.59/g)
- January 2, 2019: $1.89/g (U.S. Average: $2.25/g)
- January 2, 2018: $2.21/g (U.S. Average: $2.49/g)
- January 2, 2017: $2.14/g (U.S. Average: $2.34/g)
- January 2, 2016: $1.73/g (U.S. Average: $1.99/g)
- January 2, 2015: $2.09/g (U.S. Average: $2.21/g)
- January 2, 2014: $3.11/g (U.S. Average: $3.32/g)
- January 2, 2013: $3.13/g (U.S. Average: $3.28/g)
Neighboring area's prices:
Memphis - $2.94/g, up 10.7 cents per gallon from last week's $2.84/g.
Little Rock - $2.82/g, up 17.9 cents per gallon from last week's $2.64/g.
Shreveport - $2.80/g, up 27.7 cents per gallon from last week's $2.52/g.
"For the first time in two months, the nation's average price of gasoline rose sharply last week, as extremely cold weather led to many refinery issues, shutting down over a million barrels of refining capacity, pushing wholesale prices up," said Patrick De Haan, head of petroleum analysis at GasBuddy.
Haan continues, "In addition, China's reopening plans gave markets inspiration that global oil demand will start to recover, as China's nearly three year Covid-zero policies appear to be coming to an end."
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