Average Riverside County Gas Price Records Largest Increase Since Nov. 5
RIVERSIDE, Calif. (KESQ) - The average price of a gallon of self-serve regular gasoline in Riverside County today recorded its largest increase since Nov. 5, rising 3.6 cents to $4.262, its 12th increase in 13 days.
The average price has increased 13.9 cents over the past 13 days, including two-tenths of a cent Monday, according to figures from the AAA and Oil Price Information Service. It rose six consecutive days, dropped one-tenth of a cent Wednesday and resumed rising Thursday.
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The average price is 12 cents more than one week ago and 11.3 cents higher than one month ago, but 12.9 cents less than one year ago. It has dropped $2.111 since rising to a record $6.373 on Oct. 5, 2022.
The average price rose 4 cents on Nov. 5. Â Â
The national average price rose eight-tenths of a cent to $2.883, one day after a half-cent increase. It is a half-cent less than one week ago, 6.3 cents more than one month ago and 21.5 cents lower than one year ago. Â Â
The national average price has dropped $2.133 since rising to a record $5.016 on June 14, 2022.
"While oil prices jumped to their highest level in months amid geopolitical tensions, a weakening U.S. dollar, and supply concerns, the national average price of gasoline saw little change compared to a week ago," Patrick De Haan, head of petroleum analysis at GasBuddy, which provides real- time gas price information from more than 150,000 stations, said in a statement released Monday. Â
"Just over half of states saw gas prices decline, led by Indiana, Ohio, and other price-cycling states that had previously seen prices jump but have since started to fall. Meanwhile, prices are rising across much of the West Coast as the transition to summer gasoline begins, and attention turns to another refinery shutdown in California expected in April. Â Â
"Over the coming weeks, we're likely to see more states experiencing increases than decreases."
