Arkansas Pump Prices Hit Four-Year High

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Gasoline prices in Arkansas and the rest of the nation jumped to a four-year high this week as weak U.S. crude inventories have led to higher oil prices as refiners switch over to winter fuels following the normal Labor Day lull.

On Monday, AAA reported that the national gas price average increased three cents on the week to $2.91 as all but seven states are paying more at the pump. Today’s national gas price average is six cents more than a month ago and 41 cents more than a year ago.

“The September switch-over to winter-blend gasoline ushered in cheaper gas prices compared to the summer, but that drop was short-lived,” said AAA spokesperson Jeanette Casselano. “Crude oil accounts for half of the retail pump price and crude is selling at some of the highest price points in four years. That means fall and year-end prices are going to be unseasonably expensive.”     MORE

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