Average Riverside County gas price drops to lowest amount since August 2021

The average price of a gallon of self-serve regular gasoline in Riverside County dropped today to its lowest amount since Aug. 22, 2021, decreasing 2.1 cents to $4.302.

The average price has dropped 39 consecutive days, decreasing $1.079, including one-tenth of a cent Monday, according to figures from the AAA and the Oil Price Information Service. It has fallen 73 times in 76 days since rising to a record $6.494 on Oct. 5, decreasing $2.192.

The average price is 16 cents less than one week ago, 91.1 cents lower than one month ago and 30.8 cents below what it was one year ago.   

"Even with the expected increase in demand for fuel heading into the Christmas holiday, we are still seeing crude oil prices move lower and ample fuel inventories in the market, which has put downward pressure on the pump prices,'' Doug Shupe, the Automobile Club of Southern California's corporate communications manager, told City News Service.   

The national average price dropped for the 41st consecutive day, decreasing 1.9 cents to $3.123, 12.2 cents less than one week ago, 54.8 cents lower than one month ago and 18.5 cents below what it was one year ago.   

The national average price has dropped 68.2 cents over the past 41 days, including seven-tenths of a cent Monday. It is $1.893 lower than the record $5.016 set June 14.

Be the first to know when news breaks in Coachella Valley. Download the News Channel 3 app here.