After weeks of steady increases, fuel prices offer some relief
The national average of gasoline has declined for 27 days straight, and consumers are feeling it in Riverside where fuel prices offer some relief.
Average gasoline prices in Riverside have fallen 13.9 cents per gallon in the last week, averaging $6.02/g today, according to GasBuddy’s survey of 481 stations in Riverside. Prices in Riverside are 28.2 cents per gallon lower than a month ago and stand $1.81/g higher than a year ago. The national average price of diesel has declined 8.5 cents in the last week and stands at $5.65 per gallon.
According to GasBuddy price reports, the cheapest station in Riverside was priced at $5.35/g yesterday while the most expensive was $6.65/g, a difference of $1.30/g. The lowest price in the state yesterday was $4.89/g while the highest was $7.80/g, a difference of $2.91/g.
The national average price of gasoline has fallen 12.8 cents per gallon in the last week, averaging $4.66/g today. The national average is down 34.4 cents per gallon from a month ago and stands $1.54/g 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:
- July 11, 2021: $4.21/g (U.S. Average: $3.13/g)
- July 11, 2020: $3.06/g (U.S. Average: $2.19/g)
- July 11, 2019: $3.65/g (U.S. Average: $2.77/g)
- July 11, 2018: $3.58/g (U.S. Average: $2.89/g)
- July 11, 2017: $2.83/g (U.S. Average: $2.25/g)
- July 11, 2016: $2.87/g (U.S. Average: $2.22/g)
- July 11, 2015: $3.68/g (U.S. Average: $2.76/g)
- July 11, 2014: $4.12/g (U.S. Average: $3.63/g)
- July 11, 2013: $3.99/g (U.S. Average: $3.52/g)
- July 11, 2012: $3.65/g (U.S. Average: $3.38/g)
Neighboring areas and their current gas prices:
- San Bernardino — $6.02/g, down 13.1 cents per gallon from last week’s $6.15/g.
- Orange County — $6.07/g, down 10.9 cents per gallon from last week’s $6.18/g.
- Los Angeles – $6.13/g, down 11.5 cents per gallon from last week’s $6.25/g.
“The national average has declined for 27 days straight, or four weeks, the longest decline in average gas prices since the pandemic started in 2020. Average gas prices are down nearly 40 cents, with Americans shelling out $140 million less on gasoline every day than they did a month ago,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “We may see the trend last a fifth week, as long as oil prices remain cooperative and don’t surge beyond $105 per barrel, and as long as refinery production of gasoline remains strong. But we’re not completely out of the woods yet – we could also see a sharp reversal in the decline. There remains risk of a spike in prices that could send us to new record levels in August, should any disruptions occur. It could be a wild ride, but for now, the plummet at the pump shall continue.”
- Man filling gas tank: iStock