RIVERSIDE — The price of gasoline in Riverside is unchanged in the past week, averaging $3.54 per gallon on Sunday, according to GasBuddy’s daily survey of 481 stations in Riverside.
This compares with the national price average that has increased 0.5 cents per gallon versus last week to $2.84 per gallon, according to GasBuddy.
The average price of gasoline on Sept. 17 in Riverside has ranged widely over the past five years: $3.10 per gallon in 2017, $2.70 per gallon in 2016, $3.17 per gallon in 2015, $3.70 per gallon in 2014 and $3.99 per gallon in 2013.
Including the change locally during the past week, the price yesterday was 43.6 cents per gallon higher than a year ago and are 4.2 cents per gallon higher than a month ago. The national average has increased 0.5 cents per gallon during the past month and stands 23.8 cents per gallon higher than a year ago.
Areas near Riverside and their current gas price climate:
- San Bernardino — $3.54 per gallon, down 0.9 cents per gallon from last week’s $3.54 per gallon.
- Orange County — $3.60 per gallon, down 0.9 cents per gallon from last week’s $3.61 per gallon.
- Los Angeles — $3.65 per gallon, down 1.7 cents per gallon from last week’s $3.66 per gallon.
With several areas of tropical weather moving away from the U.S. comes some breathing room for energy markets, with the price of oil under pressure as the risk premium subsides, setting the stage for some relief at the gas pump as we progress through the week, Patrick DeHaan, head of petroleum analysis for GasBuddy, said in a prepared statement. “Despite the tremendous blow and flooding of the Carolinas, Florence’s impact on oil delivery and refinery operations was next to nothing. Florence may make an impact on local pipelines in Florence’s path with power loss and flooding possible issues, but problems will be worked around as life pauses in these areas and where we see considerable demand destruction taking place as floods keep motorists from moving. In addition, this week marks the first full week of cheaper winter gasoline across most of the country as EPA regulations see their seasonal ease.”
This, coupled with lower demand in the weeks ahead, will push the retail gasoline price lower, according to DeHaan.
For LIVE fuel price averages, click here.
- Gas prices: Shutterstock