A run of seven decreases in eight days to the average price of a gallon of self-serve regular gasoline in Riverside County totaling 3.1 cents ended Friday with an increase of four-tenths of a cent to $5.292.
The average price is 2.4 cents less than one week ago, but 36.2 cents more than one month ago and 45.5 cents higher than one year ago, according to figures from the AAA and Oil Price Information Service. It has dropped $1.081 since rising to a record $6.373 on Oct. 5, 2022.
A run of five decreases in six days to the national average price totaling 2.1 cents ended with an increase of two-tenths of a cent to $3.66. It is 1.9 cents less than one week ago, 12.7 cents more than one month ago, and 1.4 cents higher than one year ago.
The national average price has dropped $1.356 since rising to a record $5.016 on June 14, 2022.
“Domestic gas demand is pretty pokey at the moment, which is often the case in the runup to Memorial Day and the traditional start of summer driving season,” said Andrew Gross, an AAA national public relations manager.
“The recent national average price of $3.67 could be the peak until hurricane season is well underway. But as always, the wildcard will be the cost of oil, so stay tuned.”