by Jeff Della Rosa (JDellaRosa@nwabj.com)
According to the AAA, Arkansas motorists are paying the fourth-lowest average price for gasoline amid flat crude oil prices ahead of a long holiday weekend.
In Arkansas, the average price is $3.20 for a gallon of regular unleaded fuel, which is 7 cents less compared to last week and 15 cents more than this time last year. Nationwide, motorists are paying an average of $3.72 per gallon of regular unleaded, which is 8 cents less than last week and 31 cents more than this time last year.
The Arkansas average has reached a two-month low the week before 48.7 million Americans are expected to drive at least 50 miles for leisure this Thanksgiving. Prices have been trending down, and the decline can be attributed to the global cost of crude oil, the key ingredient of gasoline. The price of crude oil has flattened to a range of about $85 to $92 per barrel for several weeks.
