The average gas price in Arkansas has risen by 3 cents as of Monday, February 11, is $1.95, according to GasBuddy.
The agency surveyed 1,826 gas stations in Arkansas.
Nationally, petrol prices increased by 7 cents, according to GasBuddy.
Over five years on this date gas prices in Arkansas have varied:
- 2018: $2.35
- 2017: $2.07
- 2016: $1.49
- 2015: $2.09
- 2014: $3.08
Prices on Sunday were 39.7 cents per gallon lower than a year ago, but are 7.5 cents higher than January 2019.
The lowest gas prices in the state can be found in Hot Springs where Murphy USA, Walmart, and Valero are selling a gallon of regular gas at $1.77.
In Fayetteville, Shell E-Z Mart on E. 15th Street has regular gas for $1.95.
GasBuddy’s Lead Petroleum Analyst Patrick DeHaan explains the gas price increase:
“With oil prices sinking last week to $51 per barrel on concerns over a slowdown in trade talks with China, many states saw a respite in gas prices. However, as pipeline specifications begin to shift towards the first step towards summer gasoline requirements in the weeks ahead, the overhang in gasoline inventories will likely start to dry up and push gas prices higher.”
Boston-based GasBuddy is a company that operates apps and websites based on finding real-time fuel prices, according to its website.