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Gas prices continue to fall in Arkansas going into the holiday season

With gas prices falling, many Arkansans can save money for important things like holiday presents, pie, and tinsel.

ARKANSAS, USA — According to a GasBuddy survey of 1,800 stations in Arkansas, average gasoline prices in the Natural State have fallen 11 cents per gallon in the last week, averaging $2.88/g today.

Prices in Arkansas are 33 cents per gallon lower than a month ago and stand 6 cents per gallon lower than a year ago.

The national average price of gasoline has fallen 15 cents per gallon in the last week, averaging $3.36/g today. 

The national average is down 43 cents per gallon from a month ago, but 1.5 cents per gallon higher than a year ago, according to GasBuddy data compiled from more than 11 million price reports covering over 150,000 gas stations.

Gasoline prices going back ten years:

  • December 5, 2021: $2.94/g (U.S. Average: $3.34/g) 
  • December 5, 2020: $1.86/g (U.S. Average: $2.16/g)
  • December 5, 2019: $2.27/g (U.S. Average: $2.60/g)
  • December 5, 2018: $2.08/g (U.S. Average: $2.44/g)
  • December 5, 2017: $2.23/g (U.S. Average: $2.47/g)
  • December 5, 2016: $1.95/g (U.S. Average: $2.18/g)
  • December 5, 2015: $1.84/g (U.S. Average: $2.04/g)
  • December 5, 2014: $2.52/g (U.S. Average: $2.70/g)
  • December 5, 2013: $3.04/g (U.S. Average: $3.24/g)
  • December 5, 2012: $3.16/g (U.S. Average: $3.38/g)

Neighboring areas and their current gas prices:

  • Memphis- $3.04/g, down 12.6 cents per gallon from last week's $3.17/g.
  • Little Rock- $2.81/g, down 10.2 cents per gallon from last week's $2.92/g.
  • Shreveport- $2.72/g, down 10.5 cents per gallon from last week's $2.82/g.

"Despite all the good news about fuel prices, there may be some concerns coming as the price cap on Russian oil kicks in... for now, however, we'll likely see another week of declines at the pump in nearly all areas," said Patrick De Haan, head of petroleum analysis at GasBuddy.

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