Gas prices in Riverside are 90.1 cents per gallon lower than year ago
Riverside gas prices have fallen 0.6 cents per gallon in the past week, averaging $3.09/g today, according to GasBuddy’s daily survey of 481 stations. Gas prices in Riverside are 4.8 cents per gallon lower than a month ago and stand 90.1 cents per gallon lower than a year ago.
According to GasBuddy price reports, the cheapest station in Riverside is priced at $2.40/g today while the most expensive is $4.39/g, a difference of $1.99/g. The lowest price in the state today is $2.39/g while the highest is $4.99/g, a difference of $2.60/g.
The national average price of gasoline has fallen 1.9 cents per gallon in the last week, averaging $2.09/g today. The national average is down 8.8 cents per gallon from a month ago and stands 53.7 cents per gallon lower than a year ago.
Historical gas prices in Riverside and the national average going back ten years:
- November 9, 2019: $3.99/g (U.S. Average: $2.63/g)
- November 9, 2018: $3.66/g (U.S. Average: $2.70/g)
- November 9, 2017: $3.22/g (U.S. Average: $2.56/g)
- November 9, 2016: $2.80/g (U.S. Average: $2.19/g)
- November 9, 2015: $2.85/g (U.S. Average: $2.21/g)
- November 9, 2014: $3.17/g (U.S. Average: $2.92/g)
- November 9, 2013: $3.58/g (U.S. Average: $3.18/g)
- November 9, 2012: $3.86/g (U.S. Average: $3.45/g)
- November 9, 2011: $3.83/g (U.S. Average: $3.43/g)
- November 9, 2010: $3.09/g (U.S. Average: $2.85/g)
Neighboring areas and their current gas prices:
- San Bernardino — $3.06/g, down 4.3 cents per gallon from last week’s $3.10/g.
- Orange County — $3.10/g, down 1.2 cents per gallon from last week’s $3.12/g.
- Los Angeles — $3.12/g, down 1.7 cents per gallon from last week’s $3.14/g.
“As expected, previous weakness in oil has continued to translate into falling gasoline prices nearly nationwide as motorists cast their ballots last week, but the six week trend could reverse on optimism that President-elect Biden may move quickly to get organized and Sen. Majority Leader McConnell has said stimulus is high on his agenda, aiding the economy and oil demand,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “As of late Sunday, a barrel of West Texas Intermediate crude oil was up over 8% compared to just last Monday, a solid rally that may eventually halt the decline in gasoline prices, should the optimism continue even against a backdrop of a continued global rise in coronavirus cases. It remains challenging to predict how the Presidential transition may occur, and if it drags the economy down, I could see pessimism and lower prices return, but for now, it appears that a solid dose of optimism may soon drive prices up.”
- Filling the gas tank: iStock