For fourth consecutive week, Riverside gas prices have fallen

Riverside gas prices have fallen 3.9 cents per gallon in the past week, averaging $4.27/g today, according to GasBuddy’s daily survey of 481 stations in Riverside. It marks the fourth consecutive week that gas prices have dipped. Gas prices in Riverside are 3.0 cents per gallon lower than a month ago and stand $1.13/g higher than a year ago.

According to GasBuddy price reports, the cheapest station in Riverside is priced at $3.75/g today while the most expensive is $4.75/g, a difference of 100.0 cents per gallon. The lowest price in the state today is $3.49/g while the highest is $6.29/g, a difference of $2.80/g.

The national average price of gasoline has fallen 0.7 cents per gallon in the last week, averaging $3.17/g today. The national average is up 3.8 cents per gallon from a month ago and stands $1.00/g higher than a year ago.

Historical gasoline prices in Riverside and the national average going back ten years:

  • September 27, 2020: $3.14/g (U.S. Average: $2.17/g)
  • September 27, 2019: $3.90/g (U.S. Average: $2.64/g)
  • September 27, 2018: $3.61/g (U.S. Average: $2.87/g)
  • September 27, 2017: $3.07/g (U.S. Average: $2.56/g)
  • September 27, 2016: $2.70/g (U.S. Average: $2.20/g)
  • September 27, 2015: $3.02/g (U.S. Average: $2.29/g)
  • September 27, 2014: $3.66/g (U.S. Average: $3.34/g)
  • September 27, 2013: $3.91/g (U.S. Average: $3.41/g)
  • September 27, 2012: $4.09/g (U.S. Average: $3.79/g)
  • September 27, 2011: $3.86/g (U.S. Average: $3.47/g)

Neighboring areas and their current gas prices:

  • San Bernardino — $4.29/g, down 2.9 cents per gallon from last week’s $4.32/g.
  • Orange County — $4.35/g, down 0.9 cents per gallon from last week’s $4.36/g.
  • Los Angeles — $4.37/g, down 2.2 cents per gallon from last week’s $4.39/g.

“Average gas prices saw little change from a week ago, declining slightly. But overall, prices remained near 2021’s peak price set in early August due to Covid-19 supply and demand imbalances,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “Relief in average gas prices has really only shown up west of the Rockies thus far, and may continue to be delayed by an active hurricane season which has prevented gas prices from their normal seasonal decline. While I am optimistic that we eventually will see a decline in price, the drop is not likely to be as noticeable as I had anticipated due to the above average hurricane season and as demand remains seasonally strong.”

Image Sources

  • Man filling gas tank: iStock