Ahead of Thanksgiving, GasBuddy has released its updated price report, showing a continued streak of decline in gas prices in Arkansas and across the country.
A GasBuddy survey of 334 stations in Little Rock showed that the average gasoline prices in the city have fallen 5.7 cents per gallon in the last week, averaging $2.86 a gallon as of Monday.
Prices in Little Rock, according to GasBuddy, are 23.1 cents per gallon lower than a month ago and stand 15.6 cents per gallon lower than a year ago.
GasBuddy price reports stated that the cheapest station in Little Rock was priced at $2.59 a gallon on Sunday while the most expensive was $3.99 a gallon, a difference of $1.40 a gallon. The lowest price in the state yesterday was $2.47 a gallon while the highest was $3.99 a gallon, a difference of $1.52 a gallon.
Neighboring areas and their current gas prices:
Memphis- $2.94 a gallon, down 7.9 cents per gallon from last week’s $3.02 a gallon.
Arkansas- $2.86 a gallon, down 5.6 cents per gallon from last week’s $2.92 a gallon.
Shreveport- $2.63 a gallon, down 12.1 cents per gallon from last week’s $2.75 a gallon.
The national average price of gasoline has fallen 6.2 cents per gallon in the last week, averaging $3.27 a gallon on Monday.
The national average is down 25.9 cents per gallon from a month ago and stands 36.9 cents per gallon lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.
The national average price of diesel has fallen 6.9 cents in the last week and stands at $4.28 per gallon.
“As millions of Americans gear up to hit the road for Thanksgiving, the national average is seeing its longest streak of declines in over a year, reaching a ninth straight week as gas prices fall to their lowest since January,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “GasBuddy now counts over 65,000 stations with a price of $2.99 per gallon or lower, while 11 states are seeing average prices below $3. In addition, we could see five more states join the sub-$3 club by Thanksgiving. The fall in gas prices, largely seasonal due to weakening gasoline demand, could extend for another week or two, leading to potentially the lowest gas prices since 2021 by Christmas.”
