spot_imgspot_img

AAA: Crude oil costs, travel demand are behind big jump in gas prices

spot_img

(The Center Square) – A jump in crude oil costs and increased travel demand are behind the 11-cent hike in Arkansas gas prices, according to AAA.

Arkansas motorists pay an average of $3.18 for a gallon of regular unleaded fuel, up 14 cents from the same time last year.

The change in seasons is a factor, according to AAA.

“They start to rise with the arrival of spring,” said AAA spokesman Andrew Gross about the gas prices. “And the national average for gas is now higher than a year ago, which we have not seen since late December.”

Crude oil, one of the main components of gasoline, is also getting more expensive. West Texas Intermediate crude oil is priced at $4, according to AAA.

Drivers in the Fayetteville-Springdale-Rogers are experiencing the most sticker shock, with gas prices at $3.27. The average cost for an unleaded gallon of gasoline in Pine Bluff is $3.11, the lowest in the state, according to AAA.

Arkansas is tied with its neighbors Texas and Louisiana for the third lowest fuel costs in the U.S. Colorado and Mississippi are tied at first for the cheapest gas at $3.09 a gallon. Kansas is alone in the second spot at $3.18

The national average fuel price is $3.53, 13 cents higher than last week. California has the most expensive gas at $4.95 for a regular unleaded gallon.

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

spot_img
spot_img

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Hobbs looks forward following legislative losses

(The Center Square) – The Arizona state Legislature expanded...

VIDEO: Marquez testimony limitations debated at Madigan corruption trial

Former ComEd executive and cooperating government witness Fidel Marquez...

Survey: WA employers have a positive outlook despite inflation, tax concerns

(The Center Square) – Washington state employers are cautiously...

Water filtration capacity increasing at North Fork Reservoir

(The Center Square) – Water filtration capacity continues to...

Arizona railway improvements expected

(The Center Square) – Arizona will receive $60.2 million...

More like this
Related

Illinois quick hits: Taxpayers cover $72 million in medical debt; Grubhub sold

Taxpayers cover $72 million in medical debt ...

Hobbs looks forward following legislative losses

(The Center Square) – The Arizona state Legislature expanded...

After referendums pass, critics accuse IL legislature of ‘hoarding’ ballot space

(The Center Square) – After the passage of all...

VIDEO: Marquez testimony limitations debated at Madigan corruption trial

Former ComEd executive and cooperating government witness Fidel Marquez...