Gas prices see slight uptick ahead of Thanksgiving holiday travel week

Gas prices see slight uptick ahead of Thanksgiving holiday travel week

Thanksgiving fuel costs highest since 2014

GasBuddy.com LITTLE ROCK — Average retail gasoline prices in Arkansas have risen 4.2 cents per gallon in the past week, averaging $2.30/gallon yesterday, according to GasBuddy's daily survey of 1,826 gas outlets in Arkansas. This compares with the national average that has increased 1.5 cents per gallon in the last week to $2.55/gallon, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Arkansas during the past week, prices yesterday were 37.6 cents per gallon higher than the same day one year ago and are 10.9 cents per gallon higher than a month ago. The national average has increased 8.6 cents per gallon during the last month and stands 39.8 cents per gallon higher than this day one year ago.

'If you use gas prices to figure out the time of year it is, you'd probably think it's spring based on the continued upward trend showing up in much of the country,' said Patrick DeHaan, head of petroleum analysis for GasBuddy. 'Absent is the beloved fall at the pump that we're used to that accompanies the fall weather, but apparently this year is playing a trick on motorists.”

The anticipated “Fall fall” on fuel rates doesn’t appear to be coming, DeHaan said. Once summer ends, there’s typically a drop in gas prices, but 2017 has not followed that trend.

“The cheapest price this year was in July while the most expensive showed up after the driving season concluded as Harvey hit,” he said. “And we may get closer to that mark as gasoline inventories continue to drift to new multi-year lows. It's been a lousy time for motorists, and I'd expect to see some cut their spending during the holidays as gas prices are up.'

From Greg Laskoski

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