Gas prices spike ahead of Fourth of July Holiday Weekend

Riverside gas prices — just in time for the holiday weekend — have risen 3.8 cents per gallon in the past week, averaging $4.21/g today, according to GasBuddy’s daily survey of 481 stations in Riverside. Gas prices in Riverside are 9.2 cents per gallon higher than a month ago and stand $1.18/g higher than a year ago.

According to GasBuddy price reports, the cheapest station in Riverside is priced at $3.59/g today while the most expensive is $4.99/g, a difference of $1.40/g. The lowest price in the state today is $3.56/g while the highest is $5.59/g, a difference of $2.03/g.

The national average price of gasoline has risen 2.5 cents per gallon in the last week, averaging $3.09/g today. The national average is up 4.7 cents per gallon from a month ago and stands 92.1 cents per gallon higher than a year ago.

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

  • June 28, 2020: $3.03/g (U.S. Average: $2.17/g)
  • June 28, 2019: $3.61/g (U.S. Average: $2.71/g)
  • June 28, 2018: $3.61/g (U.S. Average: $2.86/g)
  • June 28, 2017: $2.86/g (U.S. Average: $2.24/g)
  • June 28, 2016: $2.89/g (U.S. Average: $2.29/g)
  • June 28, 2015: $3.50/g (U.S. Average: $2.78/g)
  • June 28, 2014: $4.11/g (U.S. Average: $3.68/g)
  • June 28, 2013: $4.04/g (U.S. Average: $3.51/g)
  • June 28, 2012: $3.74/g (U.S. Average: $3.36/g)
  • June 28, 2011: $3.78/g (U.S. Average: $3.54/g)

Neighboring areas and their current gas prices:

  • San Bernardino — $4.19/g, up 2.9 cents per gallon from last week’s $4.17/g.
  • Orange County — $4.26/g, up 3.8 cents per gallon from last week’s $4.22/g.
  • Los Angeles — $4.28/g, up 2.7 cents per gallon from last week’s $4.25/g.

“With oil’s continued push higher, fueled by continued strong demand globally and production only slowly answering, gasoline prices have had no choice but following the national average last week setting a new 2021 high,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “As we approach July 4, it appears the only way forward is for gas prices to continue their rise as Americans insatiable demand for gasoline continues to be the catalyst for the rise in price. With hurricane season soon coming into its prime, we have plenty of catalysts for a rise in price, and few that could restrain the situation. Motorists should prepare to dig deeper for the second half of the summer, unfortunately.”

Image Sources

  • Gas Prices: Shutterstock