The Gunners have qualified for the Champions League in each of the past 15 seasons but fell five points behind fourth-placed Chelsea after a 2-1 away defeat to Tottenham in March.
Since then the north London side has climbed to third in the table, having picked up 16 points from its last six league games, although both the Blues and Spurs have a game in hand and are one and two points behind, respectively.
"We have to turn it around. We did it last season and need to do it again. It seems to be the Arsenal way," Oxlade-Chamberlain told Sky Sports News.
"We just have to take each game as it comes, work together as a team and hopefully we will get there."
Manager Arsene Wenger has given the attacking midfielder just 17 starts in all competitions this season but the former Southampton starlet insists that he is no less motivated.
"Just being here, at a club like Arsenal, I am loving every minute of it," the youngster said.
"To be involved with England, playing a few games, that's the motivation I need. I am hungry for more."