Gas prices fall slightly after Coronavirus outbreak

consumer prices

FILE – In this Sept. 17, 2019, file photo, a gas pump reflecting current prices is seen in Orlando, Fla. On Thursday, Feb. 13, 2020, the Labor Department releases Consumer Price Index for January. (AP Photo/John Raoux, File)

FAYETTEVILLE, Ark. (KFTA) — Coronavirus is playing a part in falling gas prices across the U.S.

The average price per gallon in Arkansas is nearly 4 cents cheaper than it was one week ago, according to GasBuddy.

Nationally, gas prices have dropped over 6 cents.

GasBuddy analysts said because of growing concerns about the Coronavirus outbreak, the Global Economy is taking a hit, meaning less demand for oil.

They advise motorists to avoid the panic of filling up and expect bigger drops in the coming weeks.

Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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