Gas Prices See Big Jump in Arkansas

LITTLE ROCK, AR. - Drivers across Arkansas are feeling a pinch at the pump after a significant jump in fuel prices. According to the latest data from fuel-tracking website GasBuddy, the average price of regular unleaded gasoline in the state rose by nearly 16 cents per gallon over a one-week period. This sudden spike brings the current state average to $3.58 per gallon.

This upward trend is not limited to Arkansas, as the national average for gasoline also climbed by 13 cents, hitting $3.95 per gallon. Analysts predict the national average could surpass the $4.00 mark very soon. These numbers represent a substantial increase compared to previous years. For context, drivers are paying roughly 84 cents more per gallon than they were at this same time last year.

Prices are fluctuating wildly depending on the region. Within Arkansas, the lowest price reported was $3.32 per gallon in Conway, while the most expensive reached $4.99 per gallon. In north-central Arkansas, local drivers can find fuel ranging from $3.49 to $3.59 per gallon in Baxter and Fulton counties, while Boone County prices are higher, topping out at $3.99 per gallon.

Experts state that international conflicts and a squeeze on global oil refining capacity are driving these increases. Ongoing tensions in the Middle East and overseas attacks on oil refineries have severely strained the global fuel supply. As a result, the price of crude oil is nearing $85 per barrel.

Petroleum analysts warn motorists to brace themselves for higher costs, as prices are expected to see another jolt upward in the coming days.

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