Prices at the pump tumble

Prices at the pump tumble

JONESBORO, Ark. (KAIT) - Arkansas gas prices fell a little more than two cents in the past week.

According to the latest survey, the price for a gallon of regular now costs $2.49. That’s 13.3 cents a gallon less than Arkansans shelled out a year ago.

The national average also fell two cents in the past week to $2.84/gallon.

Patrick DeHaan, head of petroleum analysis for GasBuddy, attributes some of the decrease on trade tensions between China and the United States.

“With a trade deal with China seemingly more and more unlikely, we may continue to see weakness in oil and gasoline prices,” DeHaan said. “Of course, the trade tensions are not the only issue we’re monitoring for now.”

He added that analysts expect to see “additional slow relief” trickle to pumps in the next week or so as refiners boost production.

To find the cheapest gas prices wherever you travel, visit the Region 8 News’ Pump Patrol.

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