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Gas prices continue to fall as an early Christmas present

If Santa's sleigh ran on gas he'd be happy knowing that the price is down 57 cents per gallon nationally from last month.

ARKANSAS, USA — Local Prices:

Average gasoline prices in Arkansas have fallen 10 cents per gallon in the last week, averaging $2.65/g today, according to GasBuddy's survey of over 1,800 stations in Arkansas. 

Prices in Arkansas are down 44 cents per gallon lower than a month ago and stand 25 cents per gallon lower than a year ago. 

GasBuddy reports that the cheapest station in Arkansas was priced at $2.33/g while the most expensive was $3.39/g.

National Prices:

The national average price of gasoline has fallen almost 12 cents per gallon in the last week, averaging $3.09/g today. 

The national average is down a whopping 57 cents per gallon from a month ago, and stands 20 cents 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.

Even diesel has fallen 14.1 cents in the last week nationally.

Historical gasoline prices in Arkansas and the national average:

  • Dec. 19, 2021: $2.91/g    (U.S. Average: $3.29/g)
  • Dec. 19, 2020: $1.92/g    (U.S. Average: $2.22/g)
  • Dec. 19, 2019: $2.23/g    (U.S. Average: $2.56/g)
  • Dec. 19, 2018: $2.00/g    (U.S. Average: $2.37/g)
  • Dec. 19, 2017: $2.15/g    (U.S. Average: $2.42/g)
  • Dec. 19, 2016: $2.02/g    (U.S. Average: $2.25/g)
  • Dec. 19, 2015: $1.78/g    (U.S. Average: $2.00/g)
  • Dec. 19, 2014: $2.29/g    (U.S. Average: $2.44/g)
  • Dec. 19, 2013: $2.95/g    (U.S. Average: $3.20/g)
  • Dec. 19, 2012: $3.02/g    (U.S. Average: $3.22/g)

Neighboring area's prices:

Memphis - $2.86/g, down 8.6 cents per gallon from last week.

Little Rock - $2.64/g, down 6.9 cents per gallon from last week.

Shreveport - $2.52/g, down 7.7 cents per gallon from last week.

"The national average for a gallon of gasoline is down nearly $2 compared to six months ago, and heading into Christmas travel week, is at its lowest in a year and a half, saving Americans some $750 million every day," said Patrick De Haan, head of petroleum analysis at GasBuddy. 

Haan continues, "While the decline should take the national average under $3 per gallon in the next week or so, it is soon likely to fade as oil prices have held in the $70 per barrel range. But while the declines for gasoline may fade, diesel prices still have considerable ground to cover, and could fall another 50 cents or more in the weeks ahead. Fuel prices across the board have been plunging back into territory more Americans feel is normal, which could certainly boost economic sentiment going forward."

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