Riverside Gas Prices Still Up Over Last Year

Gas prices lower than a month ago, but higher than a year ago.

(January 10, 2022) – Average gasoline prices in Riverside have risen 1.5 cents per gallon in the last week, averaging $4.57/g today, according to GasBuddy’s survey of 481 stations in Riverside. Prices in Riverside are 2.5 cents per gallon lower than a month ago and stand $1.37/g higher than a year ago.

According to GasBuddy price reports, the cheapest station in Riverside was priced at $3.98/g yesterday while the most expensive was $4.99/g, a difference of $1.01/g. The lowest price in the state yesterday was $3.79/g while the highest was $5.89/g, a difference of $2.10/g.

The national average price of gasoline has risen 2.3 cents per gallon in the last week, averaging $3.29/g today. The national average is down 5.5 cents per gallon from a month ago and stands 97.5 cents per gallon higher 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:

• January 10, 2021: $3.20/g (U.S. Average: $2.31/g)
• January 10, 2020: $3.47/g (U.S. Average: $2.59/g)
• January 10, 2019: $3.19/g (U.S. Average: $2.25/g)
• January 10, 2018: $3.17/g (U.S. Average: $2.51/g)
• January 10, 2017: $2.80/g (U.S. Average: $2.36/g)
• January 10, 2016: $3.01/g (U.S. Average: $1.97/g)
• January 10, 2015: $2.57/g (U.S. Average: $2.14/g)
• January 10, 2014: $3.65/g (U.S. Average: $3.30/g)
• January 10, 2013: $3.63/g (U.S. Average: $3.31/g)
• January 10, 2012: $3.70/g (U.S. Average: $3.37/g)

 

Neighboring areas and their current gas prices:

• San Bernardino- $4.58/g, down 1.4 cents per gallon from last week’s $4.59/g.
• Orange County- $4.65/g, up 0.6 cents per gallon from last week’s $4.64/g.
• Los Angeles- $4.65/g, up 0.9 cents per gallon from last week’s $4.64/g.

“Oil prices have remained stubbornly strong, touching nearly $80 per barrel last week, pushing gasoline prices higher even as U.S. gasoline demand starts to struggle. Some of this is typical seasonal weakness, but the lack of demand is likely enhanced by omicron cases surging and Americans who are just a bit more hesitant to get out right now,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “In addition, unrest in Kazakhstan, the 18th largest oil producer, is likely leading to impacts on oil production, while continued unrest in Libya also worries markets and overpowers the seasonal drop in gasoline demand. Without improvement or stability in oil producing countries, we’re likely to continue to see upward pressure on oil prices.”