Gas analysts predict 'summer blues' in coming weeks - KAIT Jonesboro, AR - Region 8 News, weather, sports

Gas analysts predict 'summer blues' in coming weeks

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

After weeks of steady decrease, gas prices in Arkansas ticked up slightly in the last week.

Average retail gasoline prices rose 0.8 cents per gallon to an average of $2, according to GasBuddy.

That’s less than the national average which increased 3.4 cents per gallon to $2.25.

Despite the uptick, Arkansans are paying one cent less per gallon than they did a year ago, and 7.4 cents less than a month ago.

Now that the July 4 holiday is over, experts predict gasoline prices may continue to fluctuate in the coming weeks.

“Call it the summer blues at the pump—prices may fluctuate mildly in the weeks ahead, but we’ll be bouncing near the summer low for some time,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. “Don’t expect much improvement in prices for the rest of the summer.”

DeHaan adds that an active hurricane season could also trigger an upswing in both gas and oil prices.

To find the lowest gas prices in your area, visit the Region 8 News 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>>

  • ASP: "Speed enforced by aircraft" is no joke

    ASP: "Speed enforced by aircraft" is no joke

    Wednesday, April 25 2018 1:50 PM EDT2018-04-25 17:50:00 GMT
    Wednesday, April 25 2018 2:27 PM EDT2018-04-25 18:27:15 GMT
    ASP conducts speed enforcement operation over White Co. (Source: Arkansas State Police via Facebook)ASP conducts speed enforcement operation over White Co. (Source: Arkansas State Police via Facebook)

    Arkansas State Police want you to know that a sign you may see on the highway isn't just for show.

    Arkansas State Police want you to know that a sign you may see on the highway isn't just for show.

  • Woman accused of shoplifting with 2 young kids

    Woman accused of shoplifting with 2 young kids

    Wednesday, April 25 2018 1:15 PM EDT2018-04-25 17:15:37 GMT
    Wednesday, April 25 2018 1:48 PM EDT2018-04-25 17:48:29 GMT
    Larena Marie Jones (Source: Craighead Co. Sheriff's Office)Larena Marie Jones (Source: Craighead Co. Sheriff's Office)
    Larena Marie Jones (Source: Craighead Co. Sheriff's Office)Larena Marie Jones (Source: Craighead Co. Sheriff's Office)

    A woman is charged with contributing to the delinquency of a minor after police say she took two small children with her on a weekend shoplifting spree.

    A woman is charged with contributing to the delinquency of a minor after police say she took two small children with her on a weekend shoplifting spree.

  • 2.2 magnitude quake reported in NE Arkansas

    2.2 magnitude quake reported in NE Arkansas

    Wednesday, April 25 2018 9:00 AM EDT2018-04-25 13:00:04 GMT
    Wednesday, April 25 2018 9:15 AM EDT2018-04-25 13:15:10 GMT
    (Source: USGS)(Source: USGS)

    An earthquake was recorded early Wednesday morning in White County.

    An earthquake was recorded early Wednesday morning in White County.

Powered by Frankly