Gas Prices are Continuing Their Climb

After Months of Remaining Steady, Gas Prices are Continuing Their Climb

Riverside gas prices have risen 2.9 cents per gallon in the past week, averaging $3.20/g today, according to GasBuddy’s daily survey of 481 stations. Gas prices in Riverside are continuing their climb and are 8.8 cents per gallon higher than a month ago and stand 27.1 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Riverside is priced at $2.80/g today while the most expensive is $3.69/g, a difference of 89.0 cents per gallon. The lowest price in the state today is $2.43/g while the highest is $4.27/g, a difference of $1.84/g.

The national average price of gasoline has risen 4.9 cents per gallon in the last week, averaging $2.31/g today. The national average is up 14.5 cents per gallon from a month ago and stands 27.4 cents per gallon lower than a year ago.

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

• January 11, 2020: $3.48/g (U.S. Average: $2.59/g)
• January 11, 2019: $3.18/g (U.S. Average: $2.25/g)
• January 11, 2018: $3.17/g (U.S. Average: $2.52/g)
• January 11, 2017: $2.79/g (U.S. Average: $2.35/g)
• January 11, 2016: $3.00/g (U.S. Average: $1.96/g)
• January 11, 2015: $2.56/g (U.S. Average: $2.12/g)
• January 11, 2014: $3.64/g (U.S. Average: $3.31/g)
• January 11, 2013: $3.63/g (U.S. Average: $3.31/g)
• January 11, 2012: $3.69/g (U.S. Average: $3.37/g)
• January 11, 2011: $3.32/g (U.S. Average: $3.08/g)

Neighboring areas and their current gas prices:

• San Bernardino — $3.17/g, up 1.4 cents per gallon from last week’s $3.16/g.
• Orange County — $3.25/g, up 3.3 cents per gallon from last week’s $3.22/g.
• Los Angeles — $3.26/g, up 3.5 cents per gallon from last week’s $3.22/g.

“With oil’s meteoric rally continuing, motorists continue to face gas prices that continue to advance. With a barrel of crude oil now at its highest level in nearly a year, there’s no where for gas prices to go but up,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “In a normal year, this is the time we tend to see gas prices struggle, and according to Pay with GasBuddy data, gasoline demand is indeed seeing seasonal struggles, but that has not tempered the appetite of the market as many remain bullish over the continued rollout of a COVID-19 vaccine. How long we may be on this road relies on continued reduction in new COVID cases, but we may for the coming weeks seeing gas prices continuing their climb.”