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Arkansas gas prices rise and fall once again

Reports show Arkansas gas prices are 2 cents lower than last week, but 23 cents higher than last month.

ARKANSAS, USA — Local Prices:

According to GasBuddy's survey of 1,826 stations in Arkansas, Average gasoline prices in Arkansas have fallen 2 cents per gallon in the last week, averaging $2.92/g today. 

Prices in Arkansas are 23 cents per gallon higher than a month ago and stand 0.6 cents per gallon higher than a year ago. 

The national average price of diesel has fallen 7 cents in the last week and stands at $4.56 per gallon. 

According to GasBuddy price reports, the cheapest station in Arkansas was priced at $2.42/g yesterday while the most expensive was $3.65/g. 

National Prices:

The national average price of gasoline has risen 2.5 cents per gallon in the last week, averaging $3.28/g today. 

The national average is up almost 15 cents per gallon from a month ago and stands over 2 cents per gallon 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.

Historical gasoline prices in Arkansas and the national average:

  • January 16, 2022: $2.92/g (U.S. Average: $3.30/g)
  • January 16, 2021: $2.13/g (U.S. Average: $2.39/g)
  • January 16, 2020: $2.25/g (U.S. Average: $2.57/g)
  • January 16, 2019: $1.89/g (U.S. Average: $2.24/g)
  • January 16, 2018: $2.30/g (U.S. Average: $2.54/g)
  • January 16, 2017: $2.14/g (U.S. Average: $2.33/g)
  • January 16, 2016: $1.67/g (U.S. Average: $1.91/g)
  • January 16, 2015: $1.93/g (U.S. Average: $2.07/g)
  • January 16, 2014: $3.06/g (U.S. Average: $3.30/g)
  • January 16, 2013: $3.11/g (U.S. Average: $3.29/g)

Neighboring area's prices:

  • Memphis - $3.00/g, down from last week's $3.04/g.
  • Little Rock - $2.91/g, down from last week's $2.93/g.
  • Shreveport - $2.86/g, up from last week's $2.84/g.

"We've seen somewhat of a mixed week at the pump with some states seeing gasoline prices rise, while others have stabilized for the time being. The good news as of late has been the continued decline in average diesel prices, which fell over a penny per day last week," said Patrick De Haan, head of petroleum analysis at GasBuddy. 

"Oil prices have seen a bit of a rally, finishing last week at nearly $80 per barrel again as Chinese demand starts to jump as expected, but with COVID cases and deaths now also surging in China, the jump in demand could be short-lived," Haan continues.

"Gas prices may nudge up slightly in the week ahead in some areas, while others could hold flat. The window on price drops, however, appears to be coming up on the horizon as we get closer to what's likely to be a significant refinery maintenance period ahead of summer," Haan says

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