Economy

Gas prices in Arkansas among the nation's lowest

Gas prices in Arkansas among the nation's lowest”

AAA says only SC at $2.01 has a lower statewide average price than Oklahoma.

There is a 28-cent range in gas prices in Rhode Island from $2.17 to $2.45 for self-serve, regular gas. Low prices leaders Costco, ARCO and Sams Club have gas prices that are now hovering around the $2.70 per gallon mark for regular unleaded.

Looking ahead, AAA said consumer demand for fuels has declined from the long Memorial Day holiday weekend last month, which could act as a moderator for retail gas prices. In Naples, Monday's average of $2.39 per gallon matches the 2016 price. That's just over a nickel less per gallon than this time previous year.

Gas prices could hit a 12-year low this summer.

The average price of gas fell by 3.7 cents per gallon last week, said GasBuddy senior petroleum analyst Patrick DeHaan. Almost half of the continental US (23 states to be exact) is seeing prices lower this year than last, and some are even seeing a drop of 28 cents per gallon.

According to the price-tracking website GasBuddy.com, motorists in Butts County Monday reported paying as low as $2.09 to $2.13 per gallon. The total number of active rigs now sits at 741, even as crude oil sits below $50 per barrel.

He said US oil production, a lot of it in Texas, is to thank. On Monday, some stations near West Flagler Street and Red Road were charging just $2.03 per gallon.

All three states were under the national average of $2.37. The statewide average today is $2.30.

Weekly sports headlines from Jackson Progress Argus.



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