Statewide gas prices increase in past week - KAIT Jonesboro, AR - Region 8 News, weather, sports

Statewide gas prices increase in past week

JONESBORO, AR (KAIT) -

Gas prices in Arkansas are on the rise but remain lower when compared to a month ago.

 Average gas prices across the state have risen 6.5 cents per gallon in the past week, averaging $2.04 per gallon on Sunday.

That is according to GasBuddy.com’s survey of 1,826 gas stations in Arkansas.

After the increase, prices were still 7.1 cents per gallon lower than a month ago and 73.4 cents per gallon lower than the same day one year ago.

"While we'll see lower gasoline prices to return to much of the country in the weeks ahead, these types of isolated blips in gasoline prices do occasionally happen during times when crude oil prices are volatile,” said Patrick Dehann, senior petroleum analyst for GasBuddy. “With recent Fed comments about raising interest rates propelling markets, don't be surprised if we see occasional small gas prices increases followed by decreases, leading to a lower gasoline prices in time for the holidays."

The national average increased 2.7 cents per gallon in the past week to $2.22.

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