Average retail gasoline prices in Riverside have fallen 3.8 cents per gallon in the past week, averaging $3.33 per gallon on Sunday, according to GasBuddy’s daily survey of 481 gas outlets in Riverside. This compares with the national average that has fallen 5.4 cents per gallon in the last week to $2.51/g, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Riverside during the past week, prices yesterday were 42.3 cents per gallon higher than the same day one year ago and are 15.0 cents per gallon higher than a month ago. The national average has decreased 2.5 cents per gallon during the last month and stands 23.4 cents per gallon higher than this day one year ago.
According to GasBuddy historical data, gasoline prices on February 19 in Riverside have ranged widely over the last five years: $2.91 per gallon in 2017, $2.40 per gallon in 2016, $2.85 per gallon in 2015, $3.76 per gallon in 2014 and $4.25 per gallon in 2013.
Areas near Riverside and their current gas price climate:
- San Bernardino- $3.32 per gallon, down 2.7 cents per gallon from last week’s $3.35 per gallon.
- Orange County- $3.37 per gallon, down 3.7 cents per gallon from last week’s $3.41 per gallon.
- Los Angeles- $3.41 per gallon, down 2.9 cents per gallon from last week’s $3.44 per gallon.
“For the second straight week, average gasoline prices fell, with nearly every state declining week-over-week as retail gas prices saw more catching up to the previous decline in crude oil prices,” Patrick DeHaan, head of petroleum analysis for GasBuddy, said in a prepared statement. “The trend may not be over just yet, but oil prices have rebounded from their lows and are again strengthening, which may cut the party at the pump short in the weeks ahead. Worth watching is U.S. shale oil production values which continue to increase, which may limit oil’s rally moving forward, but dead ahead on the calendar is still turnaround season at the nation’s refiners which promises at least some short-term pain for long-term gain.”
For LIVE fuel price averages, visit HERE.