Gas prices are in Arkansas have dipped in the past week.
According to GasBuddy’s daily survey of 1,826 gas outlets in Arkansas, prices have fallen nearly three cents per gallon in the past week, averaging $3.39 a gallon.
Gas prices have fallen nationally more than three and a half cents per gallon averaging $3.61 a gallon.
Gas prices in Arkansas as of Sunday were 0.4 cents per gallon higher than the same day a year ago, and were 2.3 cents lower than a month ago.
"The last two weeks have seen some large drops in oil prices and gasoline spot prices- a very exciting thing to see in the middle of the summer driving season," said
Senior Petroleum Analyst Patrick DeHaan. "Motorists have some nice relief coming at the pump to look forward to in the next week to two as these drops make it to retail outlets.”
Dehann also said that he would caution motorists as we expect these large decreases to only buy the amount of gasoline they immediately needs as prices drop, and to shop around as price gaps between stations widen because of the quick decrease in wholesale gas price.
“Some stations will be buying the cheaper gasoline and passing on savings faster, leading to a wide array of gas prices," DeHaan said.
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