The average retail price for a gallon of gasoline in Arkansas decreased 1.8 cents in the past week to $3.15 per gallon. The national average decreased 3.2 cents to $3.43 per gallon.

Prices in Arkansas are 32.7 cents lower than one month ago and 5.6 cents lower than a year ago. Nationally, prices are 26.4 cents lower than one month ago and 6.5 cents higher than a year ago.

With the holidays officially beginning with Thanksgiving this week, millions of Americans will hit the road to travel. Though gasoline prices have dropped in the last month and a half, the national average will still come close to breaking a record for the highest prices at Thanksgiving. With new military action in the Middle East, petroleum analysts don't expect to see any additional improvement in prices between now and Christmas, with forecasts showing the national average not dropping under $3.25 per gallon.

Local & Regional Prices

Magnolia    $3.27

Springhill, La.    $3.11

Camden    $3.16

El Dorado    $3.24

Hope    $3.09

Texarkana    $3.01

Shreveport-Bossier City    $3.03

Malvern    $3.11

Hot Springs    $3.02

Little Rock    $2.91

Jackson, Miss.    $2.97

Fayetteville    $3.12

Dallas-Ft. Worth    $2.89

Memphis, Tenn.    $2.90

Jonesboro    $3.04

Published: 11/19/2012