Arkansas Gas Prices Rise 18.5 Cents as National Average Nears $3

Experts warn of potential further increases due to geopolitical tensions

Published on Mar. 2, 2026

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The average price of regular unleaded gasoline in Arkansas rose 18.5 cents per gallon last week to $2.58, while the national average price increased 5.6 cents to $2.94. Analysts say rising geopolitical tensions, particularly involving key transit routes, could lead to further price hikes and the national average reaching the $3 per gallon mark in the coming week.

Why it matters

Gas price fluctuations can have a significant impact on household budgets and the broader economy. Increases in fuel costs can lead to higher prices for consumer goods and services, affecting both individuals and businesses. The potential for further price hikes due to geopolitical factors is a concern for many Arkansans and Americans.

The details

According to GasBuddy, the average price of regular unleaded gasoline in Arkansas rose 18.5 cents per gallon last week, reaching $2.58. This represents a 17.3 cent increase compared to a month ago. Nationally, the average gas price increased 5.6 cents to $2.94 per gallon, marking the fourth straight week of rising prices. Analysts attribute the potential for further price hikes to heightened geopolitical tensions, particularly involving key transit routes, which could increase uncertainty in the energy markets.

  • The average price of regular unleaded gasoline in Arkansas rose 18.5 cents per gallon last week.
  • The national average price of gasoline rose 5.6 cents per gallon last week.

The players

GasBuddy.com

A website that provides real-time data on gas prices across the United States.

Patrick De Haan

The head of petroleum analysis at GasBuddy, who provided commentary on the potential for further price increases.

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What they’re saying

“Looking ahead, markets will now begin reacting to this weekend's U.S.-Iran attacks, which have elevated geopolitical risk premiums even in the absence of immediate supply disruption.”

— Patrick De Haan, Head of Petroleum Analysis, GasBuddy (kait8.com)

“In the week ahead, gasoline prices are likely to face heightened upward pressure as seasonal trends continue and markets navigate this evolving geopolitical landscape, with the national average poised to reach the $3-per-gallon mark for the first time this year.”

— Patrick De Haan, Head of Petroleum Analysis, GasBuddy (kait8.com)

What’s next

Analysts will continue to monitor the evolving geopolitical situation and its potential impact on fuel prices in the coming weeks.

The takeaway

The rise in Arkansas gas prices, coupled with the potential for further increases due to geopolitical tensions, highlights the ongoing volatility in the energy market and the need for consumers to stay informed about fuel costs and their potential impact on household budgets.