$5 Per Gallon Gas Reaches Inland Empire

How Far Will Gas Prices go in Inland Empire?

Average gasoline prices in the Inland Empire have risen 19.1 cents per gallon in the last week, averaging $5.17/g today, according to GasBuddy’s survey of 481 stations in Riverside. Prices in Riverside are 37.1 cents per gallon higher than a month ago and stand 39.5 cents per gallon higher than a year ago. The national average price of diesel has increased 3.1 cents in the past week and stands at $4.02 per gallon.

According to GasBuddy price reports, the cheapest station in Riverside was priced at $4.59/g yesterday while the most expensive was $5.89/g, a difference of $1.30/g. The lowest price in the state yesterday was $4.34/g while the highest was $6.79/g, a difference of $2.45/g.

The national average price of gasoline has risen 6.5 cents per gallon in the last week, averaging $3.57/g today. The national average is up 17.1 cents per gallon from a month ago and stands 0.8 cents per gallon lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.

Historical gasoline prices in Riverside and the national average going back ten years:

• April 8, 2023: $4.77/g (U.S. Average: $3.58/g)
• April 8, 2022: $5.81/g (U.S. Average: $4.12/g)
• April 8, 2021: $3.89/g (U.S. Average: $2.86/g)
• April 8, 2020: $2.86/g (U.S. Average: $1.88/g)
• April 8, 2019: $3.82/g (U.S. Average: $2.75/g)
• April 8, 2018: $3.49/g (U.S. Average: $2.65/g)
• April 8, 2017: $2.97/g (U.S. Average: $2.39/g)
• April 8, 2016: $2.82/g (U.S. Average: $2.04/g)
• April 8, 2015: $3.15/g (U.S. Average: $2.39/g)
• April 8, 2014: $4.06/g (U.S. Average: $3.58/g)

Neighboring areas and their current gas prices:

• San Bernardino- $5.16/g, up 20.2 cents per gallon from last week’s $4.96/g.
• Orange County- $5.27/g, up 19.2 cents per gallon from last week’s $5.07/g.
• Los Angeles- $5.28/g, up 19.2 cents per gallon from last week’s $5.08/g.

“After a brief break, gas prices have leapt back up, driven by extensive refinery maintenance on the West Coast, where prices have increased notably; only a handful of states have seen prices decline over the last week,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With oil prices rising to nearly $87 per barrel last week, their highest since October, we are not only facing the seasonal factors that push prices up—refinery maintenance, the switch to summer gasoline, and rising demand—but also escalating crude oil prices as OPEC’s production cuts continue to cause declining global oil inventories, with escalations between Iran and Israel adding to concerns of further destabilization. The West Coast is likely to see gas prices continue to jump, and in a week or so, will be joined by the mid-Atlantic and Northeast states as they wrap up the transition to summer gasoline.”