July Welcomes Slight Dip in Fuel Prices

Riverside consumers experience slight dip in fuel prices

Average gasoline prices in Riverside have fallen 0.4 cents per gallon in the last week, averaging $4.80/g today, according to GasBuddy’s survey of 481 stations in Riverside. Prices in Riverside are 5.3 cents per gallon higher than a month ago and stand 84.8 cents per gallon lower than a year ago. The national average price of diesel has risen 2.7 cents in the last week and stands at $3.83 per gallon.

According to GasBuddy price reports, the cheapest station in Riverside was priced at $4.13/g yesterday while the most expensive was $5.39/g, a difference of $1.26/g. The lowest price in the state yesterday was $4.07/g while the highest was $18.00/g, a difference of $13.93/g.

The national average price of gasoline has risen 2.1 cents per gallon in the last week, averaging $3.55/g today. The national average is down 0.4 cents per gallon from a month ago and stands 78.0 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:

• July 24, 2022: $5.65/g (U.S. Average: $4.33/g)
• July 24, 2021: $4.26/g (U.S. Average: $3.14/g)
• July 24, 2020: $3.10/g (U.S. Average: $2.18/g)
• July 24, 2019: $3.57/g (U.S. Average: $2.75/g)
• July 24, 2018: $3.54/g (U.S. Average: $2.84/g)
• July 24, 2017: $2.83/g (U.S. Average: $2.27/g)
• July 24, 2016: $2.79/g (U.S. Average: $2.15/g)
• July 24, 2015: $4.14/g (U.S. Average: $2.73/g)
• July 24, 2014: $4.00/g (U.S. Average: $3.54/g)
• July 24, 2013: $4.06/g (U.S. Average: $3.66/g)

Neighboring areas and their current gas prices:

• San Bernardino — $4.79/g, down 0.5 cents per gallon from last week’s $4.80/g.
• Orange County — $4.85/g, down 4.5 cents per gallon from last week’s $4.90/g.
• Los Angeles — $4.92/g, down 1.7 cents per gallon from last week’s $4.94/g.

“For another week, we saw little meaningful change in the national average, which has been stuck in the same 10 cent range we’re in today since April. It’s been a remarkably quiet summer for gas prices, which have been far less active than normal,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “However, with tremendous heat gripping much of the country, I remain concerned about the fuel that such high temperatures will provide for tropical systems that venture into the Atlantic and Caribbean. For now, I don’t expect much change in the toss up that has been gas prices for weeks on end. But, with gasoline demand now hitting its summer high, there remain some risks that could disturb gas prices in a significant way before summer’s end.”