Analysts: Expect 'bumpier' ride ahead in gas prices - KAIT Jonesboro, AR - Region 8 News, weather, sports

Analysts: Expect 'bumpier' ride ahead in gas prices

(Source: Pablo) (Source: Pablo)
JONESBORO, AR (KAIT) -

While gas prices once again fell this past week, analysts warn the road ahead “may be a bit bumpier.”

Average retail gasoline prices in Arkansas fell 3.6 cents in the past week to an average of $2.07 per gallon, according to GasBuddy.com. That compares to the national average of $2.33/gallon.

Prices Sunday, May 14, were 9.8 cents a gallon higher than they were the same day a year ago, but 9.4 cents lower than a month ago. The national average decreased 8.1 cents per gallon in the last month and stands 10.4 cents per gallon higher than the same day in 2016.

“The national average gas price has again declined in the last week,” said Patrick DeHaan, senior petroleum analyst for GasBuddy.com. “But the road ahead may be a bit bumpier.”

DeHaan said a mid-week rally in oil markets saw oil prices “sneak in” a net gain for the first week, and that may affect prices in the weeks ahead.

“Thank Wednesday’s weekly report from the Energy Information Administration for the rally as government data showed a larger than expected decline in oil inventories and gas inventories,” DeHaan said. “Watch both of these factors this week to get a taste for where prices will go to start the summer driving season.”

Copyright 2017 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>>

  • Live in Montgomery: The Day before the Big Game

    Live in Montgomery: The Day before the Big Game

    Friday, December 15 2017 11:41 PM EST2017-12-16 04:41:07 GMT
    Friday, December 15 2017 11:49 PM EST2017-12-16 04:49:15 GMT
    The A-State football team visited the Rosa Parks Museum this week as part of bowl festivities for the Raycom Media Camellia Bowl in Montgomery, Ala. (Source: KAIT)The A-State football team visited the Rosa Parks Museum this week as part of bowl festivities for the Raycom Media Camellia Bowl in Montgomery, Ala. (Source: KAIT)

    It was a busy Friday as the A-State Red Wolves finished the final preparations for Saturday's game against Middle Tennessee in the Raycom Media Camellia Bowl in Montgomery. 

    It was a busy Friday as the A-State Red Wolves finished the final preparations for Saturday's game against Middle Tennessee in the Raycom Media Camellia Bowl in Montgomery. 

  • Greensborough Village project sees first building construction project

    Greensborough Village project sees first building construction project

    Friday, December 15 2017 11:18 PM EST2017-12-16 04:18:27 GMT
    Friday, December 15 2017 11:38 PM EST2017-12-16 04:38:31 GMT
    A developer said Friday that the Greensborough Village project is moving ahead. (Source: KAIT)A developer said Friday that the Greensborough Village project is moving ahead. (Source: KAIT)

    A 200-acre property project in the Hilltop area of Jonesboro is moving ahead, a developer of the project said Friday. 

    A 200-acre property project in the Hilltop area of Jonesboro is moving ahead, a developer of the project said Friday. 

  • breaking

    One dead, one in custody, investigator says in Lawrence County shooting

    One dead, one in custody, investigator says in Lawrence County shooting

    Friday, December 15 2017 9:17 PM EST2017-12-16 02:17:05 GMT
    Friday, December 15 2017 11:17 PM EST2017-12-16 04:17:18 GMT
    Lawrence County deputies were at the scene of a shooting Friday night on Highway 91. (Source: KAIT)Lawrence County deputies were at the scene of a shooting Friday night on Highway 91. (Source: KAIT)

    According to Sgt. Jamie White of the Lawrence County Sheriff's Office, authorities there are investigating a shooting in which a woman was killed. 

    According to Sgt. Jamie White of the Lawrence County Sheriff's Office, authorities there are investigating a shooting in which a woman was killed. 

Powered by Frankly