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>>

  • The Latest: Officials: Mexico, Guatemala natives on truck

    The Latest: Officials: Mexico, Guatemala natives on truck

    Sunday, July 23 2017 6:51 AM EDT2017-07-23 10:51:24 GMT
    Monday, July 24 2017 12:33 AM EDT2017-07-24 04:33:17 GMT
    The temperature in San Antonio had been in the 90s just before eight people were found dead in a tractor-trailer outside a Walmart store.
    The temperature in San Antonio had been in the 90s just before eight people were found dead in a tractor-trailer outside a Walmart store.
  • Fire destroys home in downtown Jonesboro

    Fire destroys home in downtown Jonesboro

    Saturday, July 22 2017 9:17 PM EDT2017-07-23 01:17:09 GMT
    Sunday, July 23 2017 5:56 PM EDT2017-07-23 21:56:36 GMT
    (Source: KAIT)(Source: KAIT)

    Assistant Fire Chief Alan Dunn said Sunday that the home was a complete loss and the cause of the fire is still under investigation.  

    Assistant Fire Chief Alan Dunn said Sunday that the home was a complete loss and the cause of the fire is still under investigation.  

  • Firefighters return to station damaged in flood

    Firefighters return to station damaged in flood

    Sunday, July 23 2017 5:22 PM EDT2017-07-23 21:22:00 GMT
    Sunday, July 23 2017 5:37 PM EDT2017-07-23 21:37:03 GMT
    (Source: KAIT)(Source: KAIT)

    On Sunday, several Pocahontas firefighters moved back into their home station.

    On Sunday, several Pocahontas firefighters moved back into their home station.

Powered by Frankly