May Holiday sees rise in gas prices after three weeks of dipping

Ahead of the May holiday weekend, average gasoline prices in Riverside have risen 1.7 cents per gallon in the last week, averaging $4.72/g today, according to GasBuddy’s survey of 481 stations in Riverside. Prices in Riverside are 8.7 cents per gallon lower than a month ago and stand 122.6 cents per gallon lower than a year ago. The national average price of diesel has fallen 3.2 cents in the last week and stands at $3.94 per gallon.

According to GasBuddy price reports, the cheapest station in Riverside was priced at $3.99/g yesterday while the most expensive was $5.39/g, a difference of $1.40/g. The lowest price in the state yesterday was $3.79/g while the highest was $6.79/g, a difference of $3.00/g.

The national average price of gasoline is unchanged in the last week, averaging $3.51/g today. The national average is down 14.7 cents per gallon from a month ago and stands 106.5 cents per gallon lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.

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

  • May 22, 2022: $5.95/g (U.S. Average: $4.57/g)
  • May 22, 2021: $4.08/g (U.S. Average: $3.03/g)
  • May 22, 2020: $2.79/g (U.S. Average: $1.95/g)
  • May 22, 2019: $3.94/g (U.S. Average: $2.85/g)
  • May 22, 2018: $3.68/g (U.S. Average: $2.95/g)
  • May 22, 2017: $2.98/g (U.S. Average: $2.35/g)
  • May 22, 2016: $2.78/g (U.S. Average: $2.28/g)
  • May 22, 2015: $3.88/g (U.S. Average: $2.74/g)
  • May 22, 2014: $4.12/g (U.S. Average: $3.65/g)
  • May 22, 2013: $4.02/g (U.S. Average: $3.66/g)

Neighboring areas and their current gas prices:

  • San Bernardino — $4.70/g, up 3.4 cents per gallon from last week’s $4.66/g.
  • Orange County — $4.82/g, up 3.8 cents per gallon from last week’s $4.78/g.
  • Los Angeles — $4.81/g, up 3.0 cents per gallon from last week’s $4.78/g.
Gas Prices Tick Up Ahead of May Holiday

Patrick DeHaan

“In the run up to Memorial Day, the national average price of gas has seen little overall movement over the last week. We’ve seen more states see prices climb than fall, which has been driven by oil’s volatility as debt ceiling discussions are ongoing. I think we’ll see prices rise slightly as we get closer to Memorial Day, especially if there are positive developments in the debt ceiling discussions in D.C., while pessimism could drive prices slightly lower,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “I continue to be optimistic that the national average will remain under $4 per gallon for most of, if not the entire summer, with Americans spending a combined $1.6 billion less on gasoline over Memorial Day weekend this year compared to last.”

Image Sources

  • Patrick DeHaan: GasBuddy
  • Gas prices: Pexels