Arkansas gas prices tumble

JONESBORO, Ark. (KAIT) – While the national average trickled down, Arkansas gas prices tumbled dramatically last week.

GasBuddy.com reported Monday that average prices in the Natural State fell 6.8 cents a gallon to $2.61.

That’s 21.4 cents a gallon less than a month ago and 24.4 cents lower than last year.

Meanwhile, the national average price of gasoline fell just 0.7 cents a gallon last week to $3.02.

“Several states saw gas prices jump or ‘cycle’ last week, a behavior in which gas prices climb significantly after falling below a station’s replacement price,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “This led the national average to see little meaningful change from last week, with many states experiencing a slow decline, offsetting the few states that did see big jumps.”

However, he said those states that saw large jumps at the pumps should see huge declines this week.

De Haan expects the national average to fall below $3 per gallon just in time for Thanksgiving.

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