Gas Prices 23.3 Cents Higher Than Year Ago

Riverside gas prices are unchanged  in the past week, averaging $3.46/g today, according to GasBuddy’s daily survey of 481 stations. Gas prices in Riverside are 1.3 cents per gallon lower than a month ago and stand 23.3 cents per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in Riverside is priced at $3.03/g today while the most expensive is $4.39/g, a difference of $1.36/g. The lowest price in the state today is $2.59/g while the highest is $4.89/g, a difference of $2.30/g. The cheapest price in the entire country today stands at $1.71/g while the most expensive is $100.60/g, a difference of $98.89/g.

The national average price of gasoline has risen 0.7 cents per gallon in the last week, averaging $2.43/g today. The national average is down 12.1 cents per gallon from a month ago and stands 11.5 cents per gallon higher than a year ago.

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

• February 17, 2019: $3.23/g (U.S. Average: $2.31/g)
• February 17, 2018: $3.35/g (U.S. Average: $2.52/g)
• February 17, 2017: $2.91/g (U.S. Average: $2.28/g)
• February 17, 2016: $2.46/g (U.S. Average: $1.71/g)
• February 17, 2015: $2.83/g (U.S. Average: $2.26/g)
• February 17, 2014: $3.74/g (U.S. Average: $3.35/g)
• February 17, 2013: $4.21/g (U.S. Average: $3.73/g)
• February 17, 2012: $3.95/g (U.S. Average: $3.52/g)
• February 17, 2011: $3.48/g (U.S. Average: $3.14/g)
• February 17, 2010: $2.93/g (U.S. Average: $2.58/g)

Neighboring areas and their current gas prices:

• San Bernardino — $3.45/g, up 1.5 cents per gallon from last week’s $3.44/g.
• Orange County — $3.51/g, unchanged  from last week’s $3.50/g.
• Los Angeles — $3.74/g, up 3.0 cents per gallon from last week’s $3.71/g.

“Oil prices rebounded last week on word that OPEC members were closely considering cutting global oil production for several months to offset the decline in demand due to the coronavirus, pushing the national average marginally higher versus a week ago,” Patrick DeHaan, head of petroleum analysis for GasBuddy, said in a prepared statement. “While it’s possible average gasoline prices will remain within arm’s reach of recent lows, unless there’s renewed or new concerns with the spread of the coronavirus, we may have seen the deepest discounted prices behind us, with some chance we’ll hold close to the lows before the seasonal rally begins in earnest. It wouldn’t be a bad time to fill up to hedge the chances of prices rising in the coming days.”