Average gas prices in Little Rock see decline “for a second week in a row”

Little Rock, Arkansas – The typical cost of a gallon of petrol is continuing to fall in Little Rock and many other cities and towns around the country.

According to a survey conducted by GasBuddy at 334 gas stations in the Little Rock area during the past week, the average price of gasoline has decreased by 6.3 cents, bringing the price down to $3.03 per gallon as of Monday.

Prices in Little Rock are currently 7.7 cents per gallon lower than they were this time last year but are 14.9 cents per gallon more than they were one month ago.

According to statistics from GasBuddy, the price of a gallon of gas in Little Rock ranged from $2.79 at the station with the lowest price to $3.39 at the station with the highest price. This represents a price differential of 60 cents per gallon.

Yesterday, the state had prices ranging from $2.69 per gallon all the way up to $3.90 per gallon, with a difference of $1.21 between the lowest and highest prices.

The following are the current gas costs in neighboring areas:

Memphis: $3.19 per gallon, which is 5.5 cents less per gallon than the previous week’s price of $3.25 per gallon.

Arkansas: $3.06 per gallon, which is 5.1 cents less per gallon than the previous week’s price of $3.11 per gallon.

Price dropped 8.4 cents per gallon from the previous week’s $3.13 per gallon to the current price of $3.05 per gallon in Shreveport.

“For a second straight week, the national average price of gasoline has declined, alongside the price of diesel which has fallen to its lowest level in nearly a year,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While diesel prices likely have a long way to fall as inventories continue to improve, gasoline prices in some areas have gone up in the last weeks as the transition to summer gasoline is just around the corner. In addition, GasBuddy data shows that gasoline demand has risen for the third straight week, a trend that will likely continue as we gradually see temperatures warm and the heart of winter moves to the rearview. Also, refinery maintenance season will soon be in full force, likely putting upward pressure on prices. On average, gasoline prices rise between 35 and 85 cents per gallon between March and Memorial Day, so motorists seeing prices fall should enjoy the declines while they last.”

In the past week, the price of diesel has decreased by 7.3 cents, bringing it to $4.53 per gallon. This price is the lowest it has been since March 5, 2022, when it was at this level.

The price of gasoline across the nation has decreased by 7.3 cents per gallon over the course of the past week, and it is currently averaging $3.37 per gallon.

According to data provided by GasBuddy from more than 11 million weekly price reports spanning over 150,000 gas stations across the country, the national average has increased by 10.9 cents per gallon over the past month and stands 10.2 cents per gallon lower than it did one year ago.