National average of gasoline now stands at highest level since January 2020
Riverside gasoline prices have risen 2.5 cents per gallon in the past week, averaging $3.45/g today, according to GasBuddy’s daily survey of 481 stations in Riverside. Gasoline prices in Riverside are 19.4 cents per gallon higher than a month ago and stand 0.7 cents per gallon higher than a year ago.
According to GasBuddy price reports, the cheapest station in Riverside is priced at $2.93/g today while the most expensive is $3.99/g, a difference of $1.06/g. The lowest price in the state today is $2.69/g while the highest is $5.29/g, a difference of $2.60/g.
The national average price of gasoline has risen 2.6 cents per gallon in the last week, averaging $2.50/g today. The national average is up 11.0 cents per gallon from a month ago and stands 5.3 cents per gallon higher than a year ago.
Historical gasoline prices in Riverside and the national average going back ten years:
- February 15, 2020: $3.44/g (U.S. Average: $2.45/g)
- February 15, 2019: $3.23/g (U.S. Average: $2.31/g)
- February 15, 2018: $3.36/g (U.S. Average: $2.54/g)
- February 15, 2017: $2.90/g (U.S. Average: $2.28/g)
- February 15, 2016: $2.49/g (U.S. Average: $1.69/g)
- February 15, 2015: $2.81/g (U.S. Average: $2.25/g)
- February 15, 2014: $3.73/g (U.S. Average: $3.33/g)
- February 15, 2013: $4.18/g (U.S. Average: $3.65/g)
- February 15, 2012: $3.87/g (U.S. Average: $3.52/g)
- February 15, 2011: $3.43/g (U.S. Average: $3.12/g)
Neighboring areas and their current gasoline prices:
- San Bernardino — $3.41/g, up 1.4 cents per gallon from last week’s $3.40/g.
- Orange County — $3.51/g, up 1.1 cents per gallon from last week’s $3.50/g.
- Los Angeles — $3.51/g, up 0.3 cents per gallon from last week’s $3.51/g.
“It’s not surprising that gasoline prices continue to follow oil prices higher, as the national average now stands at its highest level since January 2020 as Pay with GasBuddy data shows U.S. gasoline demand rose over two percent last week,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “The rise in gas prices continues to be driven by improving demand in the United States, and has nothing to do with who sits in the White House, but rather how many motorists are filing their tanks on a daily basis, and from that data, it’s no guess, but prices will continue to trend higher. This situation will last as long as OPEC continues to restrain their oil production, creating the situation we’re in where demand is recovering faster than demand. The situation won’t get better, just wait until spring, it’s likely the national average will rise another 10 to as much as 50 cents per gallon if oil production doesn’t respond to the continued recovery in demand.”
- Gas prices: Shutterstock