Arkansas gas prices jump nearly 23 cents a gallon in one week

JONESBORO, Ark. (KAIT) - Arkansas motorists paid nearly 23 cents a gallon more for regular unleaded gasoline last week.

According to its survey of 1,826 stations, GasBuddy reported Monday that gas prices rose 22.7 cents last week to an average of $3.19 a gallon.

That’s 75.8 cents a gallon more than motorists paid a month ago and 51.3 cents higher than a year ago.

The national average price of gasoline rose 23.2 cents a gallon last week to $3.68 per gallon. The national average price of diesel increased 34.0 cents per gallon to $4.95 per gallon.

“Consumers continue to feel the sting of rising oil, gasoline, and diesel costs as geopolitical tensions in the Middle East remain elevated, pushing gasoline prices to their highest levels in years while diesel could soon approach the $5-per-gallon mark nationally,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Until we see a meaningful resumption of oil flows through the Strait of Hormuz, upward pressure on fuel prices is likely to persist. At the same time, seasonal forces are beginning to intensify as several regions complete the transition to summer gasoline, creating a double headwind that could continue driving pump prices higher in the weeks ahead.”

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