The average retail price for a gallon of gasoline in Arkansas increased 6.5 cents in the past week to $3.41 per gallon. The national average increased 8.9 cents in the past week to $3.67 per gallon.

Prices in Arkansas are 14.4 cents higher than one month ago and 3.3 cents higher than a year ago. Nationally, prices are 16.6 cents higher than one month ago and 3.0 cents lower than a year ago.

Gasoline prices have rocketed in the past week across portions of the country, especially the Midwest, with the increase in prices surpassing even that of California, something that several analysts say they can't recall.

However, in other portions of the country, gasoline prices have remained steady or even fell. But the overall downward trend in fuel prices at the pump appears to be slowing, meaning the trend of seasonally lower prices may be ending soon.  Supplies are tightening as summer begins, and the start of the Atlantic hurricane season in June could also cause the shutdown of refineries, leading to additional spikes in prices across the country.

Local & Regional Prices

Magnolia    $3.31

Springhill, La.    $3.25

Camden    $3.32

El Dorado    $3.38

Hope    $3.34

Texarkana    $3.29

Shreveport-Bossier City    $3.17

Malvern    $3.29

Hot Springs    $3.13

Little Rock    $3.19

Jackson, Miss.    $3.10

Fayetteville    $3.49

Dallas-Ft. Worth    $3.28

Memphis, Tenn.    $3.12

Jonesboro    $3.25

Published: 05/23/2013