Analyst: Higher oil prices, trouble in Syria factors in jump at - KAIT Jonesboro, AR - Region 8 News, weather, sports

Analyst: Higher oil prices, trouble in Syria factors in jump at the pump

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

Before you hop into the car to head out of town this Easter weekend, expect to spend a bit more at the pump.

Average retail gasoline prices in Arkansas have risen 4.6 cents per gallon, according to GasBuddy.com’s daily survey of 1,826 gas outlets in the state.

The average price per gallon is $2.15. That’s 32.9 cents per gallon higher than the same day one year ago and 6.1 cents higher than a month ago.

Arkansas is not alone in seeing gas prices creep up.

The national average is now $2.39 per gallon, up 5.7 cents from last week.

“With all but two states seeing average gasoline prices rise over the last week, the jump at the pump has continued,” said Patrick DeHaan, senior petroleum analyst for GasBuddy.com. “Over half of the nation’s 50 states saw prices rise by more than a nickel in the last week, while five saw a jump of double digits.”

While admitting the increases are “completely seasonal in nature,” due to the switch to summer blends of gasoline, DeHaan conceded that higher oil prices and trouble in Syria were contributing factors in the jump at the pump.

“Oil now stands $5 per barrel higher than just a few weeks ago and is the main culprit for rising gasoline prices,” DeHaan said. “In addition, with the situation in Syria, there is a rising risk of more heat between some of the world’s largest oil producers, causing concern in oil markets which could be a slight contribution to higher prices.”

For gas prices in your area, visit the Region 8 News Pump Patrol.

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