US drivers could see lower gas prices this year and next as oil supply outpaces demand. The US will continue to ramp up output from record levels, the EIA said.

According to the AAA Arkansas Weekend Gas Watch, the statewide gas price average in The Natural State is $2.72 for a gallon of regular unleaded fuel.

Oil prices will be under pressure over the next two years as global production growth outpaces demand, the U.S. Energy Information Administration said on Tuesday in its Short-Term Energy Outlook report.