Gasoline Prices Have Tumbled in Riverside

Gasoline prices are 104.5 cents per gallon lower than a year ago.

Average gasoline prices in Riverside have fallen 6.5 cents per gallon in the last week, averaging $4.73/g today, according to GasBuddy’s survey of 481 stations in Riverside. Prices in Riverside are 4.6 cents per gallon lower than a month ago and stand 104.5 cents per gallon lower than a year ago. The national average price of diesel has fallen 6.3 cents in the last week and stands at $4.01 per gallon.

According to GasBuddy price reports, the cheapest station in Riverside was priced at $3.99/g yesterday while the most expensive was $5.29/g, a difference of $1.30/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 has fallen 7.5 cents per gallon in the last week, averaging $3.50/g today. The national average is down 7.5 cents per gallon from a month ago and stands 80.7 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 8, 2022: $5.77/g (U.S. Average: $4.31/g)
• May 8, 2021: $4.04/g (U.S. Average: $2.96/g)
• May 8, 2020: $2.68/g (U.S. Average: $1.83/g)
• May 8, 2019: $4.03/g (U.S. Average: $2.88/g)
• May 8, 2018: $3.61/g (U.S. Average: $2.82/g)
• May 8, 2017: $2.95/g (U.S. Average: $2.33/g)
• May 8, 2016: $2.80/g (U.S. Average: $2.21/g)
• May 8, 2015: $3.75/g (U.S. Average: $2.66/g)
• May 8, 2014: $4.24/g (U.S. Average: $3.67/g)
• May 8, 2013: $3.91/g (U.S. Average: $3.54/g)

Neighboring areas and their current gas prices:

• San Bernardino — $4.75/g, down 2.0 cents per gallon from last week’s $4.77/g.
• Orange County — $4.79/g, down 4.1 cents per gallon from last week’s $4.83/g.
• Los Angeles — $4.81/g, down 4.4 cents per gallon from last week’s $4.85/g.

“For the third straight week, consumers have been greeted by falling gasoline prices across a majority of the country, thanks to oil prices holding near recent lows and the transition to summer gasoline being essentially complete. While there have been a few pockets of rising prices, those have been the needle in the haystack, with nearly every single state seeing gas prices fall,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “In addition to gasoline prices declining, the average price of a gallon of diesel will join gasoline in the days ahead, falling below $4 per gallon in the next 48 hours or so, a sign of how far we’ve come. Americans are spending hundreds of millions less on fuel every week compared to a year ago, and that’s a number that could rise further as prices are poised to continue trending lower this week.”