Little Rock, Arkansas – In a welcome relief for Arkansas motorists, the latest report from the American Automobile Association (AAA) reveals that gas prices have taken a downward turn. As national demand drops, Arkansas residents are seeing noticeable savings at the pump. The average price for a gallon of regular unleaded fuel in the state is currently $2.75. This marks a four-cent decrease from just one week ago and a significant 40-cent drop from the same time last year.
While the state average is showing improvement, central Arkansas is seeing even better news. In cities like Pine Bluff and Little Rock-North Little Rock, drivers are paying an average of $2.72 per gallon, a price that is even lower than the state’s overall average. Hot Springs residents are also benefitting from lower prices, with gas costing $2.69 a gallon, placing it below the state average.
However, as expected, there are some regional variations. Hot Spring County stands out as the place with the lowest gas prices in the state, at just $2.60 per gallon. On the flip side, Bradley County is experiencing the highest prices in Arkansas, with a gallon of regular unleaded fuel selling for $3.09.
This decline in gas prices comes as a result of lower national demand, which in turn is linked to falling crude oil prices. According to AAA spokesperson Nick Chabarria, the drop in gas prices reflects the ongoing reduction in demand for fuel, as well as the significant decrease in crude oil prices. “Crude oil prices closed Wednesday at $58 a barrel, its lowest mark since January 2021,” Chabarria explained.
While Arkansas consumers are enjoying lower gas prices, the national average remains considerably higher. Across the country, the average price for a gallon of gas is $3.15. In California, gas prices are notably higher, with drivers paying a staggering $4.83 per gallon. On the other end of the spectrum, Mississippi boasts the lowest national average at $2.65 per gallon.
This downward trend in Arkansas comes as a much-needed break for drivers, especially after the steep prices that had dominated gas stations for much of last year. While it’s unclear how long the trend will last, for now, drivers in the state can enjoy some financial relief as they fuel up.
The current decline in gas prices is certainly good news for Arkansans, but experts suggest that any future changes will depend largely on market fluctuations, including global oil production and demand trends. For now, residents are hoping this relief will continue, allowing them to save a bit more on each trip to the pump.
