Arkansas

Arkansas gas prices at 10-year high

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JONESBORO, Ark. (KAIT) – Motorists filling their tanks within the final week noticed one other leap on the pump.

GasBuddy.com reported Monday that fuel costs in Arkansas presently stand at $4.04/gallon. That’s 36.9 cents greater than a month in the past and $1.28 greater than final yr. The nationwide common worth is $4.46.

Arkansas drivers are presently paying extra for fuel than they’ve for the previous ten years.

Date Arkansas Common U.S. Common
Might 16, 2021 $2.76 $3.03
Might 16, 2020 $1.52 $1.87
Might 16, 2019 $2.50 $2.86
Might 16, 2018 $2.60 $2.90
Might 16, 2017 $2.08 $2.33
Might 16, 2016 $1.98 $2.22
Might 16, 2015 $2.42 $2.70
Might 16, 2014 $3.38 $3.65
Might 16, 2013 $3.37 $3.60
Might 16, 2012 $3.45 $3.73

In keeping with GasBuddy, solely three states have averages beneath $4: Georgia, Kansas, and Oklahoma. However even these states’ averages sit at $3.98 a gallon.

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“New data continued to be set on a near-daily foundation because the nationwide common edges even nearer to $4.50 per gallon,” stated Patrick De Haan, head of petroleum evaluation. “Costs later this week could possibly be nearer to $5 per gallon than $4.”

He attributed the rise to larger demand and declining inventories.

“Whereas the will increase could begin to sluggish within the days forward as pump costs catch as much as oil, there isn’t a lot purpose to be optimistic that we’ll see a plunge any time quickly.”

To search out the most cost effective fuel wherever you journey, go to the Area 8 Information Pump Patrol.

Copyright 2022 KAIT. All rights reserved.

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