The average price of a gallon of self-serve regular gasoline in Riverside County dropped Monday for the 27th time in 28 days, decreasing a half-cent to $4.285.
The average price has dropped 41.4 cents over the past 28 days, including 2.3 cents Sunday, according to figures from the AAA and Oil Price Information Service. It dropped 20 consecutive days, rose one-tenth of a cent last Monday and resumed dropping Tuesday.
The run began one day after a six-day streak of decreases totaling 7.1 cents ended.
The average price is 13.9 cents less than one week ago and 41.4 cents lower than one month ago, but 2.4 cents more than one year ago. It has dropped $2.088 since rising to a record $6.373 on Oct. 5, 2022.
The national average price dropped for the 11th time in 12 days, decreasing four-tenths of a cent to $2.906. It has dropped 9.3 cents over the past 12 days, including seven-tenths of a cent Sunday.
The national average price dropped seven consecutive days, was unchanged on Thursday and resumed dropping on Friday. The run began one day after the end of a 12-day streak of decreases totaling 10.2 cents.
The national average price is 4.6 cents less than one week ago, 17 cents lower than one month ago and 11.7 cents below what is was one year ago. It has dropped $2.11 since rising to a record $5.016 on June 14, 2022.
“For the third straight week, the national average price of gasoline has fallen, once again setting a new multi-year low,” 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.
“Just ahead of Christmas, the national average stands at its lowest level since March 12, 2021, delivering weekly savings of nearly $400 million compared to this time last year. Gas prices are now lower in a majority of states, and the good news is that the downward trend may continue into the closing innings of 2025, with further declines likely across much of the country.
“That’s being driven by refineries wrapping up maintenance and boosting output to near summer highs, increasing fuel supply, while additional oil production from OPEC has pressured crude prices lower as well.”