For the second consecutive week, gas prices dip in Riverside

Riverside gas prices have fallen 0.8 cents per gallon in the past week, averaging $4.29/g today, according to GasBuddy’s daily survey of 481 stations in Riverside. Last week, prices tumbled a nickel. Gas prices in Riverside are 1 cent per gallon lower than a month ago and stand $1.12/g higher than a year ago.

According to GasBuddy price reports, the cheapest station in Riverside is priced at $3.75/g today while the most expensive is $4.99/g, a difference of $1.24/g. The lowest price in the state today is $3.49/g while the highest is $5.65/g, a difference of $2.16/g.

The national average price of gasoline has risen 1.3 cents per gallon in the last week, averaging $3.18/g today. The national average is up 1.8 cents per gallon from a month ago and stands $1.01/g higher than a year ago.

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

  • September 20, 2020: $3.16/g (U.S. Average: $2.16/g)
  • September 20, 2019: $3.68/g (U.S. Average: $2.67/g)
  • September 20, 2018: $3.54/g (U.S. Average: $2.85/g)
  • September 20, 2017: $3.09/g (U.S. Average: $2.58/g)
  • September 20, 2016: $2.70/g (U.S. Average: $2.21/g)
  • September 20, 2015: $3.11/g (U.S. Average: $2.29/g)
  • September 20, 2014: $3.69/g (U.S. Average: $3.34/g)
  • September 20, 2013: $3.97/g (U.S. Average: $3.48/g)
  • September 20, 2012: $4.11/g (U.S. Average: $3.84/g)
  • September 20, 2011: $3.91/g (U.S. Average: $3.57/g)

Neighboring areas and their current gas prices:

  • San Bernardino — $4.29/g, down 0.7 cents per gallon from last week’s $4.30/g.
  • Orange County — $4.35/g, down 0.9 cents per gallon from last week’s $4.36/g.
  • Los Angeles — $4.37/g, down 1.8 cents per gallon from last week’s $4.39/g.

“Gas prices have been stuck in somewhat of a limbo and remain near 2021 highs long after Hurricane Ida has dissipated. The damage done to oil production has been left behind and so far has prevented prices from resuming their seasonal decline,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “Ida caused the loss of over 30 million barrels of oil production in the Gulf of Mexico, and with gasoline demand remaining relatively high for the season, oil inventories remain relatively tight, preventing any organized decline in gas prices for the time being. As a result, we may have to wait a couple more weeks until hurricane season slows for oil inventories to start to rise and gas prices to fall.”

Image Sources

  • California gas prices: Shutterstock