Average retail gasoline prices in Arkansas have fallen 4.4 cents per gallon in the past week, averaging $3.30/g yesterday, according to GasBuddy's daily survey of 1,826 gas outlets in Arkansas. This compares with the national average that has fallen 4.9 cents per gallon in the last week to $3.51/g, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Arkansas during the past week, prices yesterday were 12.0 cents per gallon lower than the same day one year ago and are 15.7 cents per gallon lower than a month ago. The national average has decreased 16.5 cents per gallon during the last month and stands 11.7 cents per gallon lower than this day one year ago.
"The national average as of today has been on decline for a month straight," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "The drop in gas prices during the middle of the summer certainly has been welcome relief to families and individuals alike who are hitting the road during the peak of the summer driving season. The national average now stands at its lowest point since March of this year, and will likely drop under $3.50/gallon by mid-week. No states in the lower 48 feature average prices over $4/gal, and just 4.1% of all stations GasBuddy tracks stand over that level, which is a drop from 8.7% a month ago. In addition, a month ago, nearly 75% of gas stations were charging over $3.50/gal, while today we see just 38.2% of all stations over that level- an impressive decline in price that GasBuddy alerted motorists to weeks ago," DeHaan said.
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 25 million times to help motorists find the lowest gasoline prices in their area.