Gas prices in Little Rock, United States rise ‘for the fifth straight week’

Little Rock, Arkansas – According to a gas price update from GasBuddy, prices have increased nationwide and in Little Rock.

According to a GasBuddy study of 334 Little Rock gas stations, the average price of gasoline in Little Rock increased 7.5 cents per gallon in the past week, to an average of $3.13 per gallon as of Monday.

The cheapest station in Little Rock on Sunday was priced at $2.94 per gallon, while the most costly was $3.39 per gallon, a difference of 45.0 cents per gallon, according to GasBuddy price data.

On Sunday, gas prices in the state ranged from $2.69 per gallon to $3.65 per gallon, a variation of 96.0 cents per gallon.

Current gas prices in the surrounding areas:

Memphis: $3.30 per gallon, up 17.3 cents from $3.13 per gallon last week.

Arkansas: $3.14 per gallon, up 6.6 cents from $3.08 per gallon last week.

Shreveport: $3.19 per gallon, up 14.5 cents from $3.05 per gallon last week.

“The national average price of gasoline has risen for the fifth straight week as retailers pass along the rise in wholesale gasoline prices due to continued challenges: refinery utilization that still hasn’t fully recovered from December’s cold weather, and refinery maintenance season that’s just around the corner,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “There appears to be little good news on the gas price front, with prices unlikely to turn around any time soon. Because of the surge in prices last spring, many refineries that had planned maintenance deferred maintenance until 2023. With the can kicked to this year, we may have similar challenges producing enough refined products to meet demand, especially with the European Union cutting off refined products from Russia starting February 5.”

As of Monday, the national average price of gasoline was $3.49 a gallon, up 9.7 cents over the previous week.

According to GasBuddy statistics culled from more than 11 million weekly price reports spanning more than 150,000 gas stations across the nation, the national average is up 33.3 cents per gallon from a month ago and is 14.1 cents per gallon more than it was a year ago.