Gas Prices Dip for Sixth Consecutive Week

For the sixth consecutive week, Riverside gas prices have fallen. In the past week, they fell 1.6 cents per gallon, averaging $3.46/g today, according to GasBuddy’s daily survey of 481 stations.

Gas prices in Riverside are 10.5 cents per gallon lower than a month ago, yet stand 3.0 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Riverside is priced at $3.06/g today while the most expensive is $4.15/g, a difference of $1.09/g. The lowest price in the state today is $2.78/g while the highest is $5.75/g, a difference of $2.97/g. The cheapest price in the entire country today stands at $1.67/g while the most expensive is $5.75/g, a difference of $4.08/g.

The national average price of gasoline has fallen 2.1 cents per gallon in the last week, averaging $2.58/g today. The national average is down 16.3 cents per gallon from a month ago, yet stands 25.0 cents per gallon lower than a year ago.

Historical gasoline prices in Riverside and the national average going back a decade:

• August 26, 2018: $3.49/g (U.S. Average: $2.83/g)
• August 26, 2017: $2.93/g (U.S. Average: $2.36/g)
• August 26, 2016: $2.63/g (U.S. Average: $2.21/g)
• August 26, 2015: $3.57/g (U.S. Average: $2.56/g)
• August 26, 2014: $3.79/g (U.S. Average: $3.43/g)
• August 26, 2013: $3.79/g (U.S. Average: $3.53/g)
• August 26, 2012: $4.08/g (U.S. Average: $3.75/g)
• August 26, 2011: $3.72/g (U.S. Average: $3.59/g)
• August 26, 2010: $3.06/g (U.S. Average: $2.66/g)
• August 26, 2009: $2.99/g (U.S. Average: $2.60/g)

Neighboring areas and their current gas prices:

• San Bernardino — $3.46/g, down 2.6 cents per gallon from last week’s $3.48/g.
• Orange County — $3.53/g, down 0.9 cents per gallon from last week’s $3.54/g.
• Los Angeles — $3.54/g, down 2.2 cents per gallon from last week’s $3.57/g.

“For now six straight weeks we’ve seen the national average price of gasoline decline, and after last week’s escalation in the trade battle between the U.S. and China, it’s possible that the streak continues longer than previously anticipated as oil markets react to the news, sending oil lower,” Patrick DeHaan, head of petroleum analysis for GasBuddy, said in a prepared statement. “With Labor Day around the corner, motorists will see the cheapest end to the summer since 2016, a great send-off to wrap up the summer driving season, but more good news likely lay ahead for motorists. Gas prices will likely decline even more substantially starting in mid-September as most of the nation begins the transition back to cheaper winter gasoline starting September 16. Fall will bring plenty of falling gas prices, so long as there remains turmoil between the U.S. and China.”