by Jeff Della Rosa (JDellaRosa@nwabj.com)
Average fuel prices declined in Arkansas as the number of Memorial Day (May 29) travelers is expected to be the third highest since 2000, according to AAA. The number of holiday travelers who will fly is expected to exceed pre-pandemic levels and might be the highest since 2005.
In Arkansas, regular unleaded fuel declined by 2 cents to an average of $3.10 a gallon from $3.12 last week. The U.S. average was flat at $3.54 per gallon compared to a week ago. Arkansas motorists are paying the fifth-lowest price in the United States. Mississippi has the lowest price at $2.98, while California has the highest at $4.79.
According to AAA, lower crude oil prices have helped to reduce fuel prices. Over the past week, energy markets have been balanced, and crude oil prices have been stable at about $70 per barrel.
