Average gas prices in Little Rock are rising

Little Rock, Arkansas – According to a recent GasBuddy report, Little Rock’s gas prices are on the rise.

As of Monday, the average price of gasoline in Little Rock was $3.04 a gallon, up 0.9 cents from the previous week, according to a GasBuddy survey of 334 stations in the city.

Prices in Little Rock are 9.9 cents lower than they were a year ago and are down 0.7 cents from one month ago.

The cheapest station in Little Rock was priced at $2.79 per gallon on Sunday, while the most costly was $3.19 per gallon, a difference of 40.0 cents per gallon, according to GasBuddy price data.

Yesterday, the lowest price in the state was $2.59 per gallon, while the highest price was $3.65 per gallon, a $1.06 per gallon difference.

Current gas prices in the surrounding areas:

Memphis: $3.18 per gallon, down 1.4 cents from $3.19 per gallon last week.

Arkansas: $3.03 per gallon, down 2.6 cents from $3.06 per gallon last week.

Shreveport – $2.98 per gallon, down 6.8 cents from $3.05 per gallon last week.

“Motorists across many areas of the country have seen gas prices inching down for another week, while some states have moved higher. We’ve seen some refinery challenges in pockets of the country, while others are starting the transition to summer gasoline, weighing on prices. For diesel, the outlook remains bright with prices continuing to fall, ” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Oil prices have softened over the last week, helping to limit any upside at the pump, with strong economic data leading to concern that the Fed will continue to use interest rates to slow the economy. This could weaken demand as we head into the peak summer driving season. For diesel, the great news is that the most common price in the U.S. for diesel is now $3.99 per gallon, with average prices continuing to drop. In the next couple of weeks, diesel will finally flip to deflationary compared to a year ago, which is excellent news for the economy.”

As of Monday, the national average price of gasoline, which is $3.37 a gallon, has remained constant over the past week.

According to GasBuddy statistics culled from more than 11 million weekly price reports spanning more than 150,000 gas stations throughout the nation, the national average is down 2.7 cents per gallon from a month ago and is 14.5 cents per gallon lower than it was a year ago.

Diesel is now averaging $4.45 per gallon across the US, down 6.9 cents from the previous week.