The average price of a gallon of self-serve regular gasoline in Riverside County fell three-tenths of a cent Sunday to $4.655, its eighth decrease in nine days following a nine-day streak of increases.
The average price is 3 cents less than one month ago, 1.5 cents less than one month ago and 34 cents less than one year ago, according to figures from the AAA and the Oil Price Information Service. It has dropped $1.718 since rising to a record $6.373 on Oct. 5, 2022.
“Southern Californians will be paying the lowest pump prices since 2021 to fill up for their Memorial Day getaways, which they will be taking in record numbers,” Doug Shupe, the Automobile Club of Southern California’s corporate communications manager, said in a statement.
“Gas prices are backing off from a price spike earlier this month caused by a Northern California refinery fire and some unplanned refinery outages. According to Oil Price Information Service, those supply issues have been resolved and refineries have increased their gasoline production.”
The national average price dropped six-tenths of a cent to $3.181. It is three-tenths of a cent more than one week ago and 1.7 cents more than one month ago, but 41.8 cents less than one year ago. The national average price has dropped $1.835 since rising to a record $5.016 on June 14, 2022.