Gas prices continue to fall as summer winds down - KAIT Jonesboro, AR - Region 8 News, weather, sports

Gas prices continue to fall as summer winds down

(Source: AP Graphics Bank) (Source: AP Graphics Bank)
JONESBORO, AR (KAIT) -

The average price of gas in Arkansas has fallen over the past week and is also down compared to a month and year ago.

According to GasBuddy, prices have fallen 3.6 cents per gallon in the past week, averaging $1.90 Sunday.

That compares with the national average that has fallen 2 cents per gallon in the past week and is now averaging $2.13 per gallon.

Prices Sunday were 48.6 cents per gallon lower than the same day in 2015 and 14.6 cents per gallon cheaper than one month ago.

Drivers this year have been able to take advantage of the lowest prices in over a decade.

That has pushed the demand for gasoline up as low prices have spurred more road trips.

"But despite high demand for gasoline, prices have continued to fall amidst an oversupply of gasoline across the country,” said Will Speer, senior petroleum analyst with GasBuddy. “High gasoline inventories, which are up 11.8% from this time last year, will continue to be a thorn in the side of refiners and a boost for consumers as a seasonal downturn in gasoline demand is on the horizon after Labor Day."

Copyright 2016 KAIT. All rights reserved.

Watch Region 8 News On Demand: On your Desktop | On your Mobile device

Region 8 News App - Install or update on your: iPhone | Android

  • Region 8 News</span><a class="customMoreLink" href="/Global/category.asp?C=4391" target="_top">More >></a>Region 8 NewsMore>>

  • Parents react to cameras in classrooms

    Parents react to cameras in classrooms

    Tuesday, April 24 2018 12:00 AM EDT2018-04-24 04:00:06 GMT
    (Source: KARK)(Source: KARK)
    (Source: KARK)(Source: KARK)

    The topic of cameras in self-contained special education classrooms had lawmakers and parents debating at Monday's education committee meeting.

    The topic of cameras in self-contained special education classrooms had lawmakers and parents debating at Monday's education committee meeting.

  • Candlelight vigil to honor teen killed in weekend car wreck

    Candlelight vigil to honor teen killed in weekend car wreck

    Monday, April 23 2018 11:29 PM EDT2018-04-24 03:29:34 GMT

    Classmates, teachers and family gathered tonight in front of Riverside High school tonight for a vigil to honor Emmalei Utley, who was tragically killed in a car wreck.

    Classmates, teachers and family gathered tonight in front of Riverside High school tonight for a vigil to honor Emmalei Utley, who was tragically killed in a car wreck.

  • Friend calls shooting victim hero

    Friend calls shooting victim hero

    Monday, April 23 2018 11:24 PM EDT2018-04-24 03:24:41 GMT
    (Source: KAIT)(Source: KAIT)
    (Source: KAIT)(Source: KAIT)

    The friend of the man shot and killed during an incident outside Walmart in Trumann said the actions Robert Highfill took make him a hero in his eyes.

    The friend of the man shot and killed during an incident outside Walmart in Trumann said the actions Robert Highfill took make him a hero in his eyes.

Powered by Frankly