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Fort Smith/Fayetteville News | 5newsonline KFSM 5NEWS | Get the local news and weather where you live from 5NEWS. Covering Fort Smith, Fayetteville, Bentonville, and all of Northwest Arkansas and the River Valley.
Gas Prices
No, 7-Eleven isn’t selling gas for $7.11 per gallon
Gas Prices
Gas is not selling for $7.11 at 7-Eleven
A photo circulating on Twitter that shows gas selling for $7.11 per gallon at 7-Eleven was taken more than one year ago and shows a new station testing its sign.
Gas Prices
Yes, these five U.S. states have passed their own gas tax ‘holidays’ in 2022
As President Biden calls on Congress to suspend the federal gas tax, here's what we know about state gas tax suspensions.
Gas Prices
No, there isn’t enough recoverable crude oil in the U.S. to last over 400 years
A viral copy-and-paste chain message falsely claims there is enough recoverable crude oil in the U.S. to supply future demand for more than 400 years.
Money
Yes, gas stations can charge different prices for different payment methods
Some gas stations offer discounts to customers who use cash instead of credit to fuel up because credit cards come with processing fees for retailers.
Money
Yes, U.S. gas prices are lower than these 8 other places around the world
People in many industrialized countries outside of the U.S. pay more for gasoline due to higher taxes on fuel. European countries tend to have the highest gas taxes.
Money
No, premium gas won’t save you money by making your car more fuel efficient
High-octane gas rarely improves mileage, and when it does, the benefit is outweighed by the premium cost.
Money
Yes, fuel efficiency is worse with E15 gasoline, but the difference is small
Higher ethanol fuel, also known as E15 gasoline, is sold at fewer than 2% of U.S. gas stations nationwide, mostly in the Midwest.
Money
No, it’s not cheaper to fill a gas-powered vehicle than charge an electric one
VERIFY found that it costs about 17 cents to drive one mile in an average gas-powered vehicle versus roughly 5 cents to drive one mile in an electric vehicle.
Money
Yes, crude oil prices fell significantly but gas prices did not
President Biden says the oil industry is taking advantage of consumers by keeping gas prices high even as crude prices fall; the industry says it’s a natural lag.
Money
Yes, properly inflating your car’s tires can help improve your gas mileage
Keeping your tires properly inflated, driving the speed limit and removing excess weight from your car are all ways to help improve your gas mileage.
National
No, the U.S. hasn’t stopped producing oil
The U.S. still produces more than 11 million barrels of oil per day, but it does rely on other countries for oil supplies to refine into products like gasoline.
Gas Prices
Gas is not selling for $7.11 at 7-Eleven
A photo circulating on Twitter that shows gas selling for $7.11 per gallon at 7-Eleven was taken more than one year ago and shows a new station testing its sign.
Gas Prices
Yes, these five U.S. states have passed their own gas tax ‘holidays’ in 2022
As President Biden calls on Congress to suspend the federal gas tax, here's what we know about state gas tax suspensions.
Gas Prices
No, there isn’t enough recoverable crude oil in the U.S. to last over 400 years
A viral copy-and-paste chain message falsely claims there is enough recoverable crude oil in the U.S. to supply future demand for more than 400 years.
Money
Yes, gas stations can charge different prices for different payment methods
Some gas stations offer discounts to customers who use cash instead of credit to fuel up because credit cards come with processing fees for retailers.
Money
Yes, U.S. gas prices are lower than these 8 other places around the world
People in many industrialized countries outside of the U.S. pay more for gasoline due to higher taxes on fuel. European countries tend to have the highest gas taxes.
Money
No, premium gas won’t save you money by making your car more fuel efficient
High-octane gas rarely improves mileage, and when it does, the benefit is outweighed by the premium cost.
Money
Yes, fuel efficiency is worse with E15 gasoline, but the difference is small
Higher ethanol fuel, also known as E15 gasoline, is sold at fewer than 2% of U.S. gas stations nationwide, mostly in the Midwest.
Money
No, it’s not cheaper to fill a gas-powered vehicle than charge an electric one
VERIFY found that it costs about 17 cents to drive one mile in an average gas-powered vehicle versus roughly 5 cents to drive one mile in an electric vehicle.
Money
Yes, crude oil prices fell significantly but gas prices did not
President Biden says the oil industry is taking advantage of consumers by keeping gas prices high even as crude prices fall; the industry says it’s a natural lag.
Money
Yes, properly inflating your car’s tires can help improve your gas mileage
Keeping your tires properly inflated, driving the speed limit and removing excess weight from your car are all ways to help improve your gas mileage.
National
No, the U.S. hasn’t stopped producing oil
The U.S. still produces more than 11 million barrels of oil per day, but it does rely on other countries for oil supplies to refine into products like gasoline.
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