Work Week Welcomes Lower Gas Prices

Post-holiday work week sees lower gas prices in Riverside

To start the work week, average gasoline prices in Riverside have fallen 7.1 cents per gallon in the last week, averaging $6.16/g today, according to GasBuddy’s survey of 481 stations in Riverside.

Prices in Riverside are 2.1 cents per gallon lower than a month ago and stand $1.93/g higher than a year ago. The price of diesel has fallen 6.3 cents nationally in the past week and stands at $5.72 per gallon.

According to GasBuddy price reports, the cheapest station in Riverside was priced at $5.59/g yesterday while the most expensive was $6.69/g, a difference of $1.10/g. The lowest price in the state yesterday was $5.29/g while the highest was $9.72/g, a difference of $4.43/g.

The national average price of gasoline has fallen 10.4 cents per gallon in the last week, averaging $4.78/g today. The national average is down 7.2 cents per gallon from a month ago and stands $1.66/g 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:

• July 5, 2021: $4.22/g (U.S. Average: $3.12/g)
• July 5, 2020: $3.03/g (U.S. Average: $2.17/g)
• July 5, 2019: $3.65/g (U.S. Average: $2.75/g)
• July 5, 2018: $3.59/g (U.S. Average: $2.87/g)
• July 5, 2017: $2.86/g (U.S. Average: $2.24/g)
• July 5, 2016: $2.91/g (U.S. Average: $2.26/g)
• July 5, 2015: $3.47/g (U.S. Average: $2.77/g)
• July 5, 2014: $4.13/g (U.S. Average: $3.66/g)
• July 5, 2013: $3.99/g (U.S. Average: $3.47/g)
• July 5, 2012: $3.67/g (U.S. Average: $3.33/g)

Neighboring areas and their current gas prices:

• San Bernardino — $6.14/g, down 6.7 cents per gallon from last week’s $6.21/g.
• Orange County — $6.20/g, down 6.6 cents per gallon from last week’s $6.26/g.
• Los Angeles — $6.24/g, down 9.2 cents per gallon from last week’s $6.33/g.

“As expected, and for the third straight week, average gasoline prices have fallen to their lowest level in over a month. The price of wholesale gasoline has plummeted, providing price relief as millions of Americans hit the road for the holiday weekend,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While we may see prices decline into this week, the drop could fade soon if oil prices reverse, especially with strong demand over the holiday. For the time being, Americans are spending nearly $100 million per day less on gasoline than when prices peaked a few weeks ago, and that’s well-needed relief at a time when gas prices remain near records.”