Gas Prices Fell More than a Nickel Last Week

RIVERSIDE — Gasoline prices in Riverside fell 5.2 cents per gallon in the past week, averaging $3.52 per gallon on Sunday, according to GasBuddy’s daily survey of 481 stations in Riverside.

This compares with the national average that fell 7.8 cents per gallon versus last week to $2.53 per gallon, according to GasBuddy.

Average gasoline prices on Nov. 26 in Riverside have ranged widely over the last five years: $3.14 per gallon in 2017, $2.68 per gallon in 2016, $2.71 per gallon in 2015, $3.05 per gallon in 2014 and $3.53 per gallon in 2013.

Including the change locally during the past week, prices yesterday were 37.4 cents per gallon higher than a year ago and are 26.7 cents per gallon lower than a month ago. The national average fell 29.4 cents per gallon during the last month and stands 3.4 cents per gallon higher than a year ago.

Areas near Riverside and their current gas price climate:

• San Bernardino- $3.53 per gallon, which fell 4.9 cents per gallon from last week’s $3.58 per gallon.
• Orange County- $3.56 per gallon, down 3.7 cents per gallon from last week’s $3.60 per gallon.
• Los Angeles- $3.61 per gallon, down 4.5 cents per gallon from last week’s $3.65 per gallon.

Gas prices fell in many places across the country.

“The $1.99 club has seen its membership swell in the last week with the number of states with stations priced at that level or lower spiking to 18. Texas, New York, Missouri, Louisiana, Ohio, Oklahoma, South Carolina, Alabama, Mississippi, Michigan, Virginia, Arkansas, Kansas, Kentucky, New Mexico, Ohio, Tennessee and Illinois all have at least one station at $1.99 or less, and the good news is it won’t end there,” Patrick DeHaan, head of petroleum analysis for GasBuddy. “Oil prices have seen another weekly rout, with WTI crude oil shedding over $6 per barrel or some 14 percent to close the week at a mere $50 per barrel. While many may be a skeptic of the White House taking some credit, the Trump Administration’s reluctance to punish Saudi Arabia for it’s role in the murder of Jamal Khashoggi is likely leading Saudi Arabia to push against large cuts in crude oil production, fearing potential fallout from Trump. In the week ahead, motorists in most states will likely see further drops, saving the country $125 million a day versus prices in early October.”

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