Gas prices see another hike in Arkansas this past week

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Average gasoline prices in Arkansas have risen 11 cents per gallon in the last week, averaging $2.97 per gallon, according to GasBuddy’s survey of 1,826 stations in Arkansas. Prices in Arkansas are 21.2 cents per gallon higher than a month ago and stand 0.9 cents per gallon lower than a year ago. The national average price of diesel has fallen 2.7 cents in the last week and stands at $4.03 per gallon.

According to GasBuddy price reports, the cheapest station in Arkansas is priced at $2.50 per gallon while the most expensive is $3.80 per gallon, a difference of $1.30 per gallon.

In Baxter County, prices range from $3.06 to $3.14 per gallon.

The national average price of gasoline has risen 10 cents per gallon in the last week, averaging $3.34 per gallon. The national average is up 22 cents per gallon from a month ago and stands 3.2 cents per gallon lower than a year ago.

Patrick De Haan, head of petroleum analysis at GasBuddy, says “A majority of the nation’s 50 states have seen gasoline prices rise, with the national average posting a gain for the second straight week, a trend that is hardly surprising for this time of year, and will likely continue as the entire nation has now made the first step toward summer gasoline. The pinch at the pump has been manageable for now, with prices about 30 cents higher than mid-January, but that will likely change as we enter the madness we tend to see in March with refinery maintenance hitting its peak, impacting how much gasoline can be produced as we make the changeover to the summer blends. This always crimps supply, leading to further gas price increases.”

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