Arkansas Gas Prices Leveling Off Below $2 Per Gallon Mark

MAY 7, 2005 - Posted at 6:28 p.m. CDT

LITTLE ROCK, AR - Gas prices in Arkansas may be leveling off after taking a huge leap over the past few months.

In the state's major markets, prices at the pump reached their highest recorded prices around April 11.  In northwest Arkansas, in the Fayetteville-Springdale-Rogers region, prices topped out at $2.24 cents a gallon for regular unleaded.  That's according to the American Automobile Association.  In Jonesboro, prices reached $2.28 per gallon at the BP station at Parker Road & Highway 49.  Oddly enough, the BP station two miles away on South Caraway Road offered petro for $2.14 per gallon at the same time.

AAA spokesmen say prices in the state have dropped since then and are expected to remain stable as the summer travel season begins.

Yesterday, average prices for regular unleaded ranged from $2.05 per gallon at Fort Smith to $2.12 per gallon in Fayetteville-Springdale-Rogers.  In Jonesboro, most stations are offering gas for prices in the $1.96 (9) to $2.00(9) per gallon range this weekend.  Nationally, the average price for regular is just under $2.21 cents per gallon, down from last month's national average of $2.28.

(The Associated Press contributed to this report.)