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Newport Independent - Newport, AR
  • Arkansas Weekly Gas Price Update and Outlook

  • Average retail gasoline prices in Arkansas have risen 3.4 cents per gallon in the past week, averaging $2.99/g yesterday, according to GasBuddy's daily survey of 1,826 gas outlets in Arkansas. This compares with the national average that has increased 2.2 cents per gallon in the last week to $3.23/g, according to gasoline price website GasBuddy.com.
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  • Including the change in gas prices in Arkansas during the past week, prices yesterday were 6.6 cents per gallon lower than the same day one year ago and are 7.4 cents per gallon lower than a month ago. The national average has decreased 2.4 cents per gallon during the last month and stands 0.9 cents per gallon lower than this day one year ago. "Motorists hitting the road for Christmas travel are cringing as gasoline prices have picked up with the best now behind us," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "While prices will advance, I don't expect it to last too long- January and February generally also feature relatively low gasoline prices. And while motorists aren't looking forward to the higher prices, they may take some solace in our expectation that gasoline prices in 2014 should average lower than they will after 2013 is complete. Make no mistake- gas prices will see volatility, and there will be times when motorists will experience "motion sickness" at the pump, but that shouldn't discount that Americans will be able to spend less on a yearly basis in 2014 than they did this year," DeHaan said.
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