Arkansas Weekly Gas Price Update

Arkansas, May 29- Average retail gasoline prices in Arkansas have fallen 4.9

cents per gallon in the past week, averaging $3.30/g yesterday. This

compares with the national average that has fallen 3.6 cents per gallon in

the last week to $3.65/g, according to gasoline price website

ArkansasGasPrices.com.

Including the change in gas prices in Arkansas during the past week, prices

yesterday were 31.2 cents per gallon lower than the same day one year ago

and are 29.2 cents per gallon lower than a month ago. The national average

has decreased 15.7 cents per gallon during the last month and stands 13.4

cents per gallon lower than this day one year ago.

"Summer driving season has officially begun with the national average

falling far lower than we expected it earlier this year," said GasBuddy.com

Senior Petroleum Analyst Patrick DeHaan. "The national average has dropped

to a surprising $3.65/gal mark as of today. Had you asked me back in January

if the national average would have been that low on Memorial Day, I would

likely have chuckled, but it goes to show anything is possible," DeHaan

said. GasBuddy forecast back in January that the national average would peak

between $3.75-$4.15/gal. The national average peaked at $3.92/gal on April

5, far sooner than many analysts, including DeHaan, expected it to occur.

About ArkansasGasPrices.com

GasBuddy operates ArkansasGasPrices.com and over 250 similar websites that

track gasoline prices at over 140,000 gasoline stations in the United States

and Canada. In addition, GasBuddy offers a free smartphone app which has

been downloaded over 20 million times to help motorists find gasoline prices

in their area.