Arkansas has fifth-lowest gas prices in U.S.

by Talk Business & Politics staff ([email protected]) 204 views 

The average price for a gallon of gas in Arkansas is $2.22, and it is ranked fifth cheapest nationwide, according to a report from AAA.

The nation’s top 10 least expensive states for gasoline are Oklahoma ($2.19), Alabama ($2.20), South Carolina ($2.21), Mississippi ($2.21), Arkansas ($2.22), Missouri ($2.22), Texas ($2.22), Tennessee ($2.25), Louisiana ($2.27) and Virginia ($2.27), according to AAA.

Nationwide, the average price dropped two cents this week to $2.46, with East Coast and Midwest seeing the largest drops in gas prices, according to the report.

“Nationally, gas prices are 10 cents cheaper on the month and will continue to drop as we count down the days to the holidays,” Jeanette Casselano, AAA spokesperson, said in a press release. “AAA expects gasoline demand to weaken throughout the winter, which translates to better prices at the pump.”

The report shows demand is down, while gas inventories have increased, according to the Energy Information Administration.

In the South, Florida had the most expensive average gas price at $2.41, costing about 20 cents more than one year ago, according to AAA.

The South and southeast carry the largest amount of inventory in the country with 78.4 million barrels.