RIVERSIDE — After continually rising gas prices, the dip at the pump over the weekend felt more like a plunge. Depending on where you filled up, the dip was wildly different, but it was definitely a dip for nearly every state in the union.
Gasoline prices in Riverside have fallen 3.8 cents per gallon in the past week, averaging $3.53 per gallon Sunday, according to GasBuddy’s daily survey of 481 stations in Riverside. This compares with the national average that has fallen 4.4 cents per gallon versus last week to $2.82 per gallon, according to GasBuddy.
Average gasoline prices on July 23 in Riverside have ranged widely over the last five years: $2.81 per gallon in 2017, $2.79 per gallon in 2016, $4.16 per gallon in 2015, $4.01 per gallon in 2014 and $4.07 per gallon in 2013.
Including the change locally during the past week, prices yesterday were 72.7 cents per gallon higher than a year ago and are 8.7 cents per gallon lower than a month ago. The national average has taken a dip of 1.6 cents per gallon during the last month and stands 55.4 cents per gallon higher than a year ago.
Areas near Riverside and their current gas price climate:
- San Bernardino — $3.52 per gallon, down 4.1 cents per gallon from last week’s $3.56 per gallon.
- Orange County — $3.58 per gallon, down 2.7 cents per gallon from last week’s $3.60 per gallon.
- Los Angeles — $3.62 per gallon, down 3.2 cents per gallon from last week’s $3.66 per gallon.
“Last week saw a small party at the pump- gas prices in nearly all states moved lower as the national average fell to its lowest in 75 days,” Patrick DeHaan, head of petroleum analysis for GasBuddy, said in a prepared statement. “With Libya resuming oil exports, oil prices have been under pressure the last two weeks, falling briefly under $68 per barrel last week, closing out the week far lower than two weeks ago when oil prices touched $75. In addition, signs are pointing to greater oil production from both Russia and Saudi Arabia, further tempering fears of too little supply. It has been the large drop in the price of crude oil that has opened the door for gasoline and diesel prices to move lower for the time being. More good news? Retail gas prices still have some downward movement coming to catch up to the recent drop in oil.”
For LIVE fuel price averages, visit here.
- gas prices: Pixaby