For ninth consecutive week, consumers feel some relief at gas pump

Average gasoline prices in Riverside have fallen 8.6 cents per gallon in the last week, averaging $5.22/g today, according to GasBuddy’s survey of 481 stations in Riverside. Prices in Riverside are 66.5 cents per gallon lower than a month ago and stand 94.2 cents per gallon higher than a year ago. The national average price of diesel has declined 14.8 cents in the last week and stands at $5.27 per gallon.

According to GasBuddy price reports, the cheapest station in Riverside was priced at $4.63/g yesterday while the most expensive was $6.17/g, a difference of $1.54/g. The lowest price in the state yesterday was $4.45/g while the highest was $6.99/g, a difference of $2.54/g.

The national average price of gasoline has fallen 9.9 cents per gallon in the last week, averaging $3.92/g today. The national average is down 63.7 cents per gallon from a month ago and stands 74.8 cents per gallon higher 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:

  • August 15, 2021: $4.28/g (U.S. Average: $3.17/g)
  • August 15, 2020: $3.15/g (U.S. Average: $2.17/g)
  • August 15, 2019: $3.52/g (U.S. Average: $2.63/g)
  • August 15, 2018: $3.50/g (U.S. Average: $2.85/g)
  • August 15, 2017: $2.93/g (U.S. Average: $2.34/g)
  • August 15, 2016: $2.56/g (U.S. Average: $2.12/g)
  • August 15, 2015: $3.76/g (U.S. Average: $2.67/g)
  • August 15, 2014: $3.83/g (U.S. Average: $3.46/g)
  • August 15, 2013: $3.86/g (U.S. Average: $3.53/g)
  • August 15, 2012: $4.07/g (U.S. Average: $3.71/g)

Neighboring areas and their current gas prices:

  • San Bernardino β€” $5.22/g, down 9.0 cents per gallon from last week’s $5.31/g.
  • Orange County β€” $5.28/g, down 7.1 cents per gallon from last week’s $5.35/g.
  • Los Angeles β€” $5.34/g, down 9.4 cents per gallon from last week’s $5.43/g.

β€œFor the ninth week straight, gas prices have continued to fall, but the streak is at great risk of being broken this week with wholesale gasoline prices having bounced back up some 40 cents per gallon as oil prices have rebounded,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “That means the decline in average prices could wrap up soon, with some price increases possible as early as this week, especially in areas of the Great Lakes. While the West Coast and some areas of the Rockies may see prices continue to drift lower, I do believe the national average could tick higher this week as the better-than-expected jobs report last week likely means less demand destruction than anticipated.”

Image Sources

  • gas prices: Pixaby