State gas prices rank 3rd lowest

Arkansans will be paying some of the lowest prices for a gallon of gasoline in the country ahead of Memorial Day weekend, though prices are still significantly higher than a year ago.

Motorists can expect to pay around $4.11 a gallon for fuel at the pump today in Arkansas, according to the AAA Arkansas Weekend Gas Watch.

“On average, it would seem that Arkansas prices are about 40 cents lower than the national average, recently anyway,” said Michael Pakko, chief economist and state economic forecaster for the Arkansas Economic Development Institute.

“Gas prices have been fluctuating really over the past month or so, and that’s sort of the trend we’re expecting to see continue in the near future, talking about the next couple of weeks and even throughout the summer travel season,” AAA spokesperson Nick Chabarria said.

Gas prices in Arkansas have increased 39% from a year ago, when regular gasoline was priced at $2.76 a gallon.

See the full article from the Arkansas Democrat Gazette here.