Jonesboro, Arkansas – For a more week, the pump’s declining tendency persists.
Gas prices in Arkansas averaged $2.81 a gallon last week, down 5.2 cents, according to a survey released on Monday by GasBuddy.com.
That is a decrease of 25.3 cents from one month ago and 18.5 cents from one year ago.
Additionally, the national average dropped 5.8 cents to $3.21 a gallon last week.
“With the national average price of gasoline declining for the 10th straight week, motorists are enjoying the longest downward trend at the pump since the summer of 2022,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The timing couldn’t be better as Americans head into the holidays, leaving them with more in their wallets at a time of year many start to spend on gifts for loved ones.”
He did, however, issue a warning that there might be some surprises at the next OPEC conference.
“That could eventually mean an end to lower gas prices should they make any surprise oil production cuts,” De Haan said.