Market, not politics helping drive down gas prices - KAIT Jonesboro, AR - Region 8 News, weather, sports

Market, not politics helping drive down gas prices

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

As the Thanksgiving holiday draws nearer, Arkansas motorists have plenty to be thankful for this year.

Average retail gasoline prices in the state have fallen 3.6 cents per gallon in the past week, according to GasBuddy.com.

Arkansas’s average price on Sunday, Nov. 13, was $1.93/gallon. That is 6.9 cents less than the same day a year ago and 11 cents lower than a month ago.

The national average was $2.15/gallon, down 4.9 cents in the past week.

In the wake of the recent elections, experts say prices could fall further. But, they say politics will probably not play a huge role in that decrease.

“Over the next few weeks expect prices at the pump to move lower based on market fundamentals, not politics,” said Gregg Laskoski, senior petroleum analyst for GasBuddy. “Inventories remain healthy and wholesale gasoline prices across the U.S. today, on average, are more than 10 cents per gallon lower than where they stood just a week ago.”

For the latest gas prices in your area, check out our Pump Patrol.

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>>

  • Foundation to adopt a family for Christmas

    Foundation to adopt a family for Christmas

    Tuesday, November 21 2017 11:40 PM EST2017-11-22 04:40:57 GMT
    Tuesday, November 21 2017 11:55 PM EST2017-11-22 04:55:13 GMT
    (Source: Keeunna Watson)(Source: Keeunna Watson)

    A foundation in honor of a Jonesboro who died from epilepsy is finding a way to serve another family in need for Christmas.

    A foundation in honor of a Jonesboro who died from epilepsy is finding a way to serve another family in need for Christmas.

  • Family safely makes it out of house fire in Matthews, MO

    Family safely makes it out of house fire in Matthews, MO

    Tuesday, November 21 2017 11:47 PM EST2017-11-22 04:47:04 GMT
    source:  Raycom Mediasource: Raycom Media

    According to an official with the Matthews Volunteer Fire Department, a family was inside the home when the fire started in an upstairs bathroom.

    According to an official with the Matthews Volunteer Fire Department, a family was inside the home when the fire started in an upstairs bathroom.

  • Combating depression during the holidays

    Combating depression during the holidays

    Tuesday, November 21 2017 11:23 PM EST2017-11-22 04:23:14 GMT
    Tuesday, November 21 2017 11:41 PM EST2017-11-22 04:41:49 GMT
    (Source: KAIT)(Source: KAIT)

    The holiday season is usually a time of happiness and enjoyment with family and friends, but that can be different for some suffering from a mental health illness.

    The holiday season is usually a time of happiness and enjoyment with family and friends, but that can be different for some suffering from a mental health illness.

Powered by Frankly