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Gas prices up six cents in Arkansas, a 35 cent increase from last month

Officials with GasBuddy say it is unlikely that prices will fall anytime soon due to refinery maintenances originally scheduled for last year being deferred to 2023.

ARKANSAS, USA — Local Prices:

According to GasBuddy's survey of 1,826 stations in Arkansas, Average gasoline prices in Arkansas have risen 6.6 cents per gallon in the last week, averaging $3.14 as of Monday, Jan. 30. 

Prices in Arkansas are 36 cents per gallon higher than a month ago and stand 16.1 cents per gallon higher than a year ago. 

According to GasBuddy price reports, the cheapest station in Arkansas was priced at $2.69/g as of Monday, while the most expensive was $3.65/g. 

National Prices:

The national average price of gasoline has risen 9.7  cents per gallon in the last week, averaging $3.49/g as of Monday. 

The national average is up almost 33 cents per gallon from a month ago and stands over 14 cents per gallon higher 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 30, 2022: $2.98/g (U.S. Average: $3.34/g)
  • January 30, 2021: $2.16/g (U.S. Average: $2.43/g)
  • January 30, 2020: $2.19/g (U.S. Average: $2.49/g)
  • January 30, 2019: $1.91/g (U.S. Average: $2.27/g)
  • January 30, 2018: $2.37/g (U.S. Average: $2.59/g)
  • January 30, 2017: $2.09/g (U.S. Average: $2.27/g)
  • January 30, 2016: $1.57/g (U.S. Average: $1.80/g)
  • January 30, 2015: $1.90/g (U.S. Average: $2.04/g)
  • January 30, 2014: $3.05/g (U.S. Average: $3.27/g)
  • January 30, 2013: $3.21/g (U.S. Average: $3.40/g)

Neighboring area's prices:

  • Memphis- $3.30/g, up 17.3 cents per gallon from last week's $3.13/g.
  • Little Rock- $3.13/g, up 7.5 cents per gallon from last week's $3.05/g.
  • Shreveport- $3.19/g, up 14.5 cents per gallon from last week's $3.05/g.

"The national average price of gasoline has risen for the fifth straight week as retailers pass along the rise in wholesale gasoline prices due to continued challenges: refinery utilization that still hasn't fully recovered from December's cold weather, and refinery maintenance season that's just around the corner," said Patrick De Haan, head of petroleum analysis at GasBuddy.

"There appears to be little good news on the gas price front, with prices unlikely to turn around any time soon. Because of the surge in prices last spring, many refineries that had planned maintenance deferred maintenance until 2023", Haan continues.

"With the can kicked to this year, we may have similar challenges producing enough refined products to meet demand, especially with the European Union cutting off refined products from Russia starting Feb. 5," said Haan.

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