The average retail price for a gallon of gasoline in Arkansas decreased 6.5 cents in the past week to $3.24 per gallon. The national average decreased 5.6 cents to $3.51 per gallon.

Prices in Arkansas are 30.5 cents lower than one month ago and 3.1 cents lower than a year ago. Nationally, prices are 28.4 cents lower than one month ago and 7.0 cents higher than a year ago.

Average prices are expected to continue to decline, perhaps to a national average of $3.35 per gallon by Thanksgiving.

Local & Regional Prices

Magnolia    $3.28

Springhill, La.    $3.12

Camden    $3.19

El Dorado    $3.24

Hope    $3.14

Texarkana    $3.06

Shreveport-Bossier City    $3.09

Malvern    $3.11

Hot Springs    $3.07

Little Rock    $2.94

Jackson, Miss.    $2.87

Fayetteville    $3.18

Dallas-Ft. Worth    $2.95

Memphis, Tenn.    $2.96

Jonesboro    $3.02

Published: 11/15/2012