National Average Price of Gasoline has Declined

National average price of gasoline has declined, but local story is different

Although the national average price of gasoline has declined, average gasoline prices in Riverside have risen 5.4 cents per gallon in the last week, averaging $4.50/g today, according to GasBuddy’s survey of 481 stations in Riverside.

Prices in Riverside are 19.7 cents per gallon higher than a month ago and stand 13.4 cents per gallon lower than a year ago. The national average price of diesel has fallen 7.3 cents in the last week and stands at $4.53 per gallon, the lowest level since March 5, 2022.

According to GasBuddy price reports, the cheapest station in Riverside was priced at $3.99/g yesterday while the most expensive was $5.09/g, a difference of $1.10/g. The lowest price in the state yesterday was $3.59/g while the highest was $6.51/g, a difference of $2.92/g.

The national average price of gasoline has fallen 7.3 cents per gallon in the last week, averaging $3.37/g today. The national average is up 10.9 cents per gallon from a month ago and stands 10.2 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:

• February 13, 2022: $4.64/g (U.S. Average: $3.47/g)
• February 13, 2021: $3.43/g (U.S. Average: $2.50/g)
• February 13, 2020: $3.44/g (U.S. Average: $2.44/g)
• February 13, 2019: $3.20/g (U.S. Average: $2.29/g)
• February 13, 2018: $3.37/g (U.S. Average: $2.55/g)
• February 13, 2017: $2.88/g (U.S. Average: $2.28/g)
• February 13, 2016: $2.52/g (U.S. Average: $1.69/g)
• February 13, 2015: $2.75/g (U.S. Average: $2.24/g)
• February 13, 2014: $3.70/g (U.S. Average: $3.32/g)
• February 13, 2013: $4.15/g (U.S. Average: $3.62/g)

Neighboring areas and their current gas prices:

• San Bernardino — $4.45/g, up 5.4 cents per gallon from last week’s $4.40/g.
• Orange County — $4.60/g, up 5.2 cents per gallon from last week’s $4.55/g.
• Los Angeles — $4.61/g, up 4.0 cents per gallon from last week’s $4.57/g.

“For a second straight week, the national average price of gasoline has declined, alongside the price of diesel which has fallen to its lowest level in nearly a year,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While diesel prices likely have a long way to fall as inventories continue to improve, gasoline prices in some areas have gone up in the last weeks as the transition to summer gasoline is just around the corner. In addition, GasBuddy data shows that gasoline demand has risen for the third straight week, a trend that will likely continue as we gradually see temperatures warm and the heart of winter moves to the rear view. Also, refinery maintenance season will soon be in full force, likely putting upward pressure on prices. On average, gasoline prices rise between 35 and 85 cents per gallon between March and Memorial Day, so motorists seeing prices fall should enjoy the declines while they last.”