Average gas price records largest decrease since at least 2018
The average price of a gallon of self-serve regular gasoline in Riverside County recorded its largest decrease since at least 2018 today, dropping 7 cents to $5.928, its 13th consecutive decrease since rising to a record.
The average price has dropped 44.5 cents over the past 13 days, including 1.5 cents Sunday, according to figures from the AAA and the Oil Price Information Service. The decreases follow a 16-day streak of increases totaling $1.064.
The average price is 31.8 cents less than one week ago, but 61.9 cents more than one month ago and $1.524 higher than one year ago.
The national average price dropped 1.8 cents to $3.87, one day after a five-day streak of decreases totaling 3.5 cents ended when it was unchanged. It is 5.3 cents less than one week ago, but 19.2 cents more than one month ago and 54.5 cents higher than one year ago.
The national average price is $1.146 less than the record $5.016 set June 14.
"After a sharp rise in the national average over the last few weeks, we've seen an abrupt, yet expected decline as refinery issues have eased in the West and Great Lakes, overpowering some increases elsewhere," said Patrick De Haan, head of petroleum analysis at GasBuddy, which provides real-time gas price information from more than 150,000 stations. "We'll see a continued sharp drop in gas prices on the West Coast, including areas like Las Vegas and Phoenix, which are supplied by refiners in California, as refinery outages have been addressed."
