Average Riverside County gas price rises to highest amount since Nov. 24
RIVERSIDE – The average price of a gallon of self-serve regular gasoline in Riverside County rose today to its highest amount since Nov. 24, increasing seven-tenths of a cent to $4.837.
The average price has risen five of the past six days, increasing 3.4 cents, according to figures from the AAA and Oil Price Information Service. It rose four consecutive days, then dropped threetenths of a cent Monday.
The average price is 3.1 cents more than one week ago, 14.5 cents higher than one month ago and 2.4 cents greater than one year ago. It has dropped $1.536 since rising to a record $6.373 on Oct. 5, 2022.
The national average price rose for the seventh consecutive day, increasing 2.2 cents to $3.489. It is 9.5 cents more than one week ago, 21 cents higher than one month ago and 4.3 cents greater than one year ago.
The national average price has dropped $1.527 since rising to a record $5.016 on June 14, 2022.
“Most Americans continued to see average gasoline prices march higher last week,” said Patrick De Haan, head of petroleum analysis at GasBuddy, which provides real-time gas price information from more than 150,000 stations.
“The reason is the season: gasoline demand is rising as more Americans are getting out, combined with the summer gasoline switchover, which is well underway, and continued refinery maintenance. The madness should slow down in the next few weeks as we've seen positive data that refinery output is starting to increase, a sign that the peak of maintenance season could be behind us.”