Gasoline Prices Dropping in Arkansas, Nation

SEPTEMBER 12, 2006 - Posted at 7:17 a.m. CDT

LITTLE ROCK, AR - The price of gasoline has been dropping in Arkansas.  The average yesterday was $2.52 cents a gallon for a gallon of selve-serve unleaded.

A month ago, a gallon of unleaded sold for an average of $2.93, only pennies lower than a year before.

Nationally, the AAA says the average price for a gallon of unleaded was $2.62 yesterday, compared to $3.03 a month ago and $2.99 a year ago.  The current average price in Jonesboro is $2.35 per gallon, but is as low as $2.29 at one station this morning.

AAA spokesman Mike Right says market solutions are behind the drop.  Crude prices are down, gasoline supply is up and drivers, with kids back in school, aren't using as much gas as during the vacation season.

A year ago, Hurricane Katrina had just struck the Gulf Coast and Hurricane Rita was on its way, setting the stage for record prices after Gulf oil facilities were damaged.

(The Associated Press contributed to this report.)