After dropping for at least three consecutive weeks, gas prices start to climb

News at the gas pump this week is not good. Gas prices are starting to climb. Gas prices have risen 2.2 cents per gallon in the past week, averaging $4.34/g today, according to GasBuddy’s daily survey of 481 stations in Riverside. Gas prices in Riverside are 4.4 cents per gallon higher than a month ago and stand $1.22/g higher than a year ago.

According to GasBuddy price reports, the cheapest station in Riverside is priced at $3.89/g today while the most expensive is $4.89/g, a difference of 100.0 cents per gallon. The lowest price in the state today is $3.67/g while the highest is $6.29/g, a difference of $2.62/g.

The national average price of gasoline has risen 2.9 cents per gallon in the last week, averaging $3.30/g today. The national average is up 11.1 cents per gallon from a month ago and stands $1.15/g higher than a year ago.

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

  • October 18, 2020: $3.12/g (U.S. Average: $2.15/g)
  • October 18, 2019: $4.11/g (U.S. Average: $2.66/g)
  • October 18, 2018: $3.78/g (U.S. Average: $2.86/g)
  • October 18, 2017: $2.97/g (U.S. Average: $2.44/g)
  • October 18, 2016: $2.75/g (U.S. Average: $2.23/g)
  • October 18, 2015: $2.90/g (U.S. Average: $2.26/g)
  • October 18, 2014: $3.48/g (U.S. Average: $3.11/g)
  • October 18, 2013: $3.72/g (U.S. Average: $3.35/g)
  • October 18, 2012: $4.56/g (U.S. Average: $3.73/g)
  • October 18, 2011: $3.84/g (U.S. Average: $3.46/g)

Neighboring areas and their current gas prices:

  • San Bernardino — $4.34/g, down 0.8 cents per gallon from last week’s $4.34/g.
  • Orange County — $4.44/g, up 3.4 cents per gallon from last week’s $4.41/g.
  • Los Angeles — $4.43/g, up 1.4 cents per gallon from last week’s $4.42/g.

“The national average closed the week by climbing to yet another fresh seven year high, as the price of oil continues to drag gas prices along for the wild ride, leaving motorists on empty,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “With OPEC holding back oil production and strong global oil demand, the situation will no doubt pave the road with even higher gas prices in the weeks ahead. Until several bottlenecks ease, including supply chains and low global inventories of oil, natural gas and coal, we’ll be stuck feeling the pinch of rising oil and gasoline prices. The bad news is that for now, all I see is the upward trend at the pump continuing into the weeks ahead with no sign of relief just yet.”


Image Sources

  • Woman filling gas tank: iStock