The average retail price for a gallon of gasoline in Arkansas decreased 3.8 cents in the past week to $3.11 per gallon. The national average decreased 4.8 cents to $3.34 per gallon.

Prices in Arkansas are 6.7 cents lower than one month ago and 0.8 cents higher than a year ago. Nationally, prices are 12.2 cents lower than one month ago and 5.5 cents higher than a year ago.

Though prices continue to fall across the nation, it's remains a mathematical certainty that 2012 will set an all-time record high for gasoline prices. Current prices would need to fall to well under $3.00 per gallon for every day remaining in 2012 for the average to equal 2011's yearly average.

Analysts believe the national average will continue to fall through this week, due to the one of the largest single-week increases in gasoline inventories in recent memory, which will provide some downward pressure to overall prices in the  days and weeks ahead.

Local & Regional Prices

Magnolia    $3.14

Springhill, La.    $3.13

Camden    $3.12

El Dorado    $3.18

Hope    $3.06

Texarkana    $3.00

Shreveport-Bossier City    $2.95

Malvern    $3.04

Hot Springs    $3.01

Little Rock    $2.89

Jackson, Miss.    $2.93

Fayetteville    $3.00

Dallas-Ft. Worth    $2.90

Memphis, Tenn.    $2.86

Jonesboro    $3.08

Published: 12/10/2012