Price of Gasoline Rises in Preparation for Summer

RIVERSIDE —Riverside gas prices have risen 0.9 cents per gallon in the past week, averaging $3.26/g on Sunday, according to GasBuddy’s daily survey of 481 stations. The price of gasoline in Riverside is 3.5 cents per gallon higher than a month ago, yet stands 10.0 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Riverside is priced at $2.89/g today while the most expensive is $4.39/g, a difference of $1.50/g. The lowest price of gasoline in the state on March 11 is $2.52/g while the highest is $4.99/g, a difference of $2.47/g. The cheapest price of gasoline in the entire country stands at $1.59/g while the most expensive is $4.99/g, a difference of $3.40/g.

The national average price of gasoline has risen 4.9 cents per gallon in the last week, averaging $2.48/g today. The national price of gasoline average is up 19.6 cents per gallon from a month ago, yet stands 3.4 cents per gallon lower than a year ago.

Historical gasoline prices in Riverside and the national average price of gasoline going back a decade:

• March 11, 2018: $3.36/g (U.S. Average: $2.51/g)
• March 11, 2017: $2.99/g (U.S. Average: $2.30/g)
• March 11, 2016: $2.56/g (U.S. Average: $1.89/g)
• March 11, 2015: $3.46/g (U.S. Average: $2.45/g)
• March 11, 2014: $3.92/g (U.S. Average: $3.49/g)
• March 11, 2013: $4.20/g (U.S. Average: $3.69/g)
• March 11, 2012: $4.36/g (U.S. Average: $3.80/g)
• March 11, 2011: $3.91/g (U.S. Average: $3.54/g)
• March 11, 2010: $3.06/g (U.S. Average: $2.76/g)
• March 11, 2009: $2.15/g (U.S. Average: $1.92/g)

Neighboring areas and their current gas prices:

• San Bernardino — $3.25/g, up 2.1 cents per gallon from last week’s $3.22/g.
• Orange County — $3.31/g, up 1.4 cents per gallon from last week’s $3.30/g.
• Los Angeles — $3.34/g, up 1.8 cents per gallon from last week’s $3.32/g.

“As predicted, gas prices advanced across much of the country for the fourth straight week even as oil prices held relatively stable at $56 per barrel. The reason for the continued disconnect remains similar to weeks past: refinery maintenance is ongoing and eating into supply and production levels, while more expensive, cleaner burning gasoline is now the predominate fuel being produced. This has pushed up wholesale gas prices even as oil remains mostly calm,” Patrick DeHaan, head of petroleum analysis for GasBuddy, said in a prepared statement. “Expect rising prices to knock out the 135 remaining stations in the nation priced at $1.99 per gallon of less, while the number of stations over $3 per gallon will likely grow, mainly out West as the pinch at the pump grows in those areas- the first in the nation to fully move to summer gasoline in the next two weeks.”

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