Analyst: Gas prices at their lowest in 12 years - KAIT Jonesboro, AR - Region 8 News, weather, sports

Analyst: Gas prices at their lowest in 12 years

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

Arkansas gas prices continue to tumble.

Average retail prices in the Natural State have fallen 2.5 cents per gallon in the past week, averaging $2.08 per gallon, according to GasBuddy’s daily survey of 1,826 gas outlets in Arkansas.

The national average fell 4.0 cents per gallon in the last week to an average of $2.33/gallon.

Gas prices in Arkansas are also 2.8 cents per gallon lower than the same day a year ago and unchanged versus a month ago. The nation average dropped 0.7 cents during the last month and stands 5.8 cents a gallon less than a year ago.

“Oil prices remain near 6-month lows as fundamentals remain weak—supply remains high even in light of production cuts from OPEC while demand has been mild, not remarkable,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. “Today’s national average price for gasoline is the lowest for mid-June since 2005. Not an easy record to attain.”

To find the best gas prices in your area, visit the Region 8 Pump Patrol.

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>>

  • Small-town budgets hurting from loss of mini Walmarts

    Small-town budgets hurting from loss of mini Walmarts

    Saturday, January 20 2018 10:56 AM EST2018-01-20 15:56:42 GMT
    Saturday, January 20 2018 7:50 PM EST2018-01-21 00:50:47 GMT
    Arkansas-based Walmart's closing of its Express stores in small towns across the Midwest and South has affected basic government services from police protection to parks.
    Arkansas-based Walmart's closing of its Express stores in small towns across the Midwest and South has affected basic government services from police protection to parks.
  • breaking

    Man taken to hospital after water rescue

    Man taken to hospital after water rescue

    Saturday, January 20 2018 6:12 PM EST2018-01-20 23:12:34 GMT
    Saturday, January 20 2018 6:57 PM EST2018-01-20 23:57:48 GMT

    According to Greene County Sheriff David Carter, rescue crews were attempting to save a dog that fell in Lake Frierson. 

    According to Greene County Sheriff David Carter, rescue crews were attempting to save a dog that fell in Lake Frierson. 

  • Victim shoots, kills robber in West Memphis

    Victim shoots, kills robber in West Memphis

    Saturday, January 20 2018 6:28 PM EST2018-01-20 23:28:50 GMT
    (Source: WMC Action News 5)(Source: WMC Action News 5)

    West Memphis Police Department is investigating a shooting at Sunset Inn. 

    West Memphis Police Department is investigating a shooting at Sunset Inn. 

Powered by Frankly