RIVERSIDE — Gasoline prices in Riverside have fallen 3.4 cents per gallon in the past week, averaging $3.48 per gallon Sunday, according to GasBuddy’s daily survey of 481 stations in Riverside. This compares with the national average that has fallen 3.1 cents per gallon versus last week to $2.82 per gallon, according to GasBuddy.
Average gasoline prices on Aug. 20 in Riverside have ranged widely over the last five years: $2.93 per gallon in 2017, $2.60 per gallon in 2016, $3.70 per gallon in 2015, $3.81 per gallon in 2014 and $3.83 per gallon in 2013.
Including the change locally during the past week, gasoline prices Sunday were 55.6 cents per gallon higher than a year ago and are 7.5 cents per gallon lower than a month ago. The national average has dropped 1.7 cents per gallon during the last month and stands 50.5 cents per gallon higher than a year ago.
Areas near Riverside and their current gasoline price climate:
- San Bernardino — $3.49 per gallon, down 1.1 cents per gallon from last week’s $3.50 per gallon.
- Orange County — $3.52 per gallon, down 2.9 cents per gallon from last week’s $3.55 per gallon.
- Los Angeles — $3.60 per gallon, down 2.2 cents per gallon from last week’s $3.62 per gallon.
“The national average price of gasoline has fallen to its lowest level since May 7, some 105 days ago when many of us were dreaming of summer road trips and falling gas prices. After all, gas as cheap as last summer has been elusive this summer, but it’s not too late to enjoy this summer’s lowest prices,” Patrick DeHaan, head of petroleum analysis for GasBuddy, said in a prepared statement. “Oil prices have held in the mid-$60s per barrel, the price of which has been determined by a delicate balancing act of global optimism and pessimism surrounding a long litany of possible economic issues.
“As we race towards summer’s finish line, we may see more pessimism weigh on oil markets, offering some relief to weary drivers who’ve seen the most expensive summer at the pump since 2014,” DeHaan added. “Labor Day will likely claim the cheapest gasoline prices for a summer holiday this year, and I’m sure millions of motorists will take advantage.”
For LIVE fuel price averages, visit here.
- Gas Prices: Image by Rudy and Peter Skitterians from Pixabay