You pay 0.6 cents per gallon lower in Riverside than a month ago

Riverside gas prices are unchanged in the past week, averaging $3.10/g today, according to GasBuddy’s daily survey of 481 stations. Gas prices in Riverside are 0.6 cents per gallon lower than a month ago and you pay 55.8 cents per gallon less than a year ago.

According to GasBuddy price reports, the cheapest station in Riverside is priced at $2.52/g today while the most expensive is $4.39/g, a difference of $1.87/g. The lowest price in the state today is $2.39/g while the highest is $4.99/g, a difference of $2.60/g.

The national average price of gasoline has risen 3.5 cents per gallon in the last week, averaging $2.16/g today. The national average is up 5.7 cents per gallon from a month ago and stands 42.6 cents per gallon lower than a year ago.

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

  • December 7, 2019: $3.65/g (U.S. Average: $2.58/g)
  • December 7, 2018: $3.37/g (U.S. Average: $2.42/g)
  • December 7, 2017: $3.11/g (U.S. Average: $2.47/g)
  • December 7, 2016: $2.65/g (U.S. Average: $2.19/g)
  • December 7, 2015: $2.70/g (U.S. Average: $2.03/g)
  • December 7, 2014: $2.95/g (U.S. Average: $2.66/g)
  • December 7, 2013: $3.57/g (U.S. Average: $3.26/g)
  • December 7, 2012: $3.68/g (U.S. Average: $3.36/g)
  • December 7, 2011: $3.62/g (U.S. Average: $3.28/g)
  • December 7, 2010: $3.18/g (U.S. Average: $2.94/g)

Neighboring areas and their current gas prices:

  • San Bernardino — $3.09/g, up 2.3 cents per gallon from last week’s $3.07/g.
  • Orange County — $3.11/g, down 1.8 cents per gallon from last week’s $3.13/g.
  • Los Angeles — $3.13/g, up 0.9 cents per gallon from last week’s $3.12/g.

“With oil’s rally to a new COVID-19 high-water mark, gas prices have begun to follow, even as gasoline demand crumbles to some of the lowest levels in months,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “Optimism continues to propel oil markets higher, led by positive news on a COVID-19 vaccine, but should anything change timing wise, we could a reversal, but for now it remains full steam ahead with markets focused on the promise of oil and gasoline demand rising, or the best potential outcome of the situation. Should the hype be overblown, a correction could happen in the weeks or months ahead. For now, motorists may see more volatility in oil markets then we’ve seen in months.”

Image Sources

  • Gas Prices: Pixabay