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24/7 Wall St.: States with the Cheapest Gas

8. Arkansas

Regular gas price per gallon: $3.60

Tax per gallon: 21.8 cents (16th lowest)

Number of operating refineries: 2

Arkansas has access to locally refined gasoline. It has two refineries of its own, and it borders Louisiana and Texas, the two largest oil refiners in the country as measured by barrels per day. Having numerous refineries nearby helps lower the price of gas for Arkansas drivers, who presently pay 18 cents less per gallon than the national average of $3.78 a gallon. Arkansas also charges just 0.3 cents in other taxes per gallon in excise taxes.

(iStock Photo)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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