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Gas Prices Rising in Arkansas

Gas has risen about six cents in the past week to an average of $3.43 per gallon.
NORTHWEST ARKANSAS -- You may notice another increase in prices at the pump in Arkansas. Gas has risen about six cents in the past week to an average of $3.43 per gallon.  Prices in Arkansas are still 22 cents cheaper than the national average of $3.65 per gallon.

Unrest in the Middle East is expected to bring a rise in the national average. 

"The national average has stayed relatively flat for the last month, but that appears to be over, as the escalating situation in Iraq takes hold and drives crude oil and retail gasoline prices higher," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

The national average could expect a spike of three to six cents this week due to threatening situations surrounding Iraq's ability to export crude oil.  The U.S. only receives about 300,000 barrels of oil from Iraq per day,  but the other three million or so barrels that Iraq pumps per day are the concern related to the increase in gas prices.

According to GasBuddy.com, motorists could see higher summer prices than previously predicted.

"The bigger picture here is that the timing of the situation in Iraq could threaten the possibility that motorists see lower prices this summer, as we had anticipated in our much earlier forecasts," DeHaan said.
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