Arkansas gas prices reverse downward trend

JONESBORO, Ark. (KAIT) – After weeks of trickling down, fuel costs made a U-turn final week and shot up 5 cents.

In keeping with GasBuddy.com’s each day survey of Arkansas’s 1,826 stations, the typical worth for a gallon of standard unleaded rose 5.3 cents to $3.72. That’s 8.6 cents greater than motorists paid a month in the past and $1.05 larger than final yr.

The nationwide common rose 4.4 cents to $4.11 per gallon.

It’s the primary time in additional than a month that the nationwide common has risen, in accordance with Patrick De Haan, head of petroleum evaluation at GasBuddy.com.

“Primarily, this was because of oil costs that had jumped the prior week, pushing up the value that stations pay for gas and thus inflicting them to boost costs,” he mentioned.

Following France’s latest presidential election, De Haan warned the European Union “may pursue harsher sanctions,” which may trigger oil costs to rise.

“As well as, U.S. oil inventories proceed to say no, placing extra stress on costs because the nation’s SPR continues to empty and Russia’s warfare on Ukraine stays ongoing,” he added. “The worldwide imbalance between provide and demand that led to those larger costs continues in the interim.”

To search out the most cost effective fuel accessible, go to the Area 8 Pump Patrol.

Copyright 2022 KAIT. All rights reserved.