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Average Riverside County Gas Price Rises to Highest Amount Since Oct. 17
RIVERSIDE (CNS) – The average price of a gallon of self-serve regular gasoline in Riverside County rose Tuesday for the 19th time in 21 days, increasing 2.7 cents to $5.975, its highest amount since Oct. 17.
The average price has risen 69 cents over the past 21 days, including 1.3 cents Monday, according to figures from the AAA and Oil Price Information Service.
The average price rose 15 consecutive days, dropped six-tenths of a cent Thursday and 1.9 cents Friday, then resumed increasing Saturday. It is 12.7 cents more than one week ago, 72.1 cents higher than one month ago and 27.5 cents above what it was one year ago.
The average price has dropped 39.8 cents since rising to a record $6.373 on Oct. 5.
The national average price resumed dropping, decreasing 1.1 cents to $3.838, one day after six-day streak of dropping prices totaling 3.4 cents ended when it rose two-tenths of a cent. It is 4.2 cents less than one week ago but 1.8 cents more than one month ago and 11.3 cents higher than one year ago.
The national average price has dropped $1.178 since rising to a record $5.016 on June 14, 2022.
“It’s been a mostly quiet week for the national average price of gasoline, with most states seeing gas prices cool off,” said Patrick De Haan, head of petroleum analysis at GasBuddy, which provides real-time gas price information from more than 150,000 stations.
“But new and continued refinery issues in some regions have had an oversized effect on gas prices in some states, especially in Southern California, Arizona, and Nevada. While most states are likely to continue seeing gasoline prices fall in the week ahead, any new refinery issues as others begin maintenance could be problematic.”
Copyright 2023, City News Service, Inc.
By: Pristine Villarreal
September 26, 2023
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