GasBuddy releases new Riverside Weekly Gas Price Update

GasBuddy released a new Riverside Weekly Gas Price Update late Monday morning after first releasing information that prices had dropped for the fourth consecutive week.

n updated Riverside gas prices are unchanged  in the past week, averaging $4.30/g today, according to GasBuddy’s daily survey of 481 stations in Riverside. Gas prices in Riverside are 0.5 cents per gallon lower than a month ago and stand $1.17/g higher than a year ago.

According to GasBuddy price reports, the cheapest station in Riverside is priced at $3.79/g today while the most expensive is $4.99/g, a difference of $1.20/g. The lowest price in the state today is $3.43/g while the highest is $6.29/g, a difference of $2.86/g.

The national average price of gasoline is unchanged  in the last week, averaging $3.18/g today. The national average is unchanged  from a month ago and stands $1.01/g higher than a year ago.

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

  • October 4, 2020: $3.13/g (U.S. Average: $2.17/g)
  • October 4, 2019: $4.16/g (U.S. Average: $2.67/g)
  • October 4, 2018: $3.75/g (U.S. Average: $2.91/g)
  • October 4, 2017: $3.03/g (U.S. Average: $2.51/g)
  • October 4, 2016: $2.76/g (U.S. Average: $2.23/g)
  • October 4, 2015: $2.95/g (U.S. Average: $2.29/g)
  • October 4, 2014: $3.63/g (U.S. Average: $3.30/g)
  • October 4, 2013: $3.83/g (U.S. Average: $3.35/g) October 4, 2012: $4.30/g (U.S. Average: $3.78/g) October 4, 2011: $3.80/g (U.S. Average: $3.40/g)

Neighboring areas and their current gas prices:

  • San Bernardino- $4.32/g, up 0.3 cents per gallon from last week’s $4.31/g.
  • Orange County- $4.37/g, up 1.1 cents per gallon from last week’s $4.36/g.
  • Los Angeles- $4.39/g, down 0.4 cents per gallon from last week’s $4.39/g.

“We’ve seen very little overall movement in gas prices over the last week with prices remaining near their 2021 highs as crude oil prices remain well above $70 on supply concerns and strong global demand,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “With energy in high demand ahead of the winter heating season and a surge in global demand due to COVID-induced imbalances, we’re not likely to see a meaningful decline at the pump any time soon, but unfortunately, could see prices holding near these levels for the next few weeks.”

Image Sources

  • Man and Woman at gas pump: iStock