The average price of a gallon of self-serve regular gasoline in Riverside County rose Monday for the 14th consecutive day, increasing a half-cent to $3.284, its highest amount since March 18.
The average price has risen 10.4 cents over the past 14 days, including three-tenths of a cent on Sunday, according to figures from the AAA and Oil Price Information Service. It is 5.2 cents higher than one week ago and 16.8 cents more than one month ago, but 20.9 cents less than one year ago.
Pump prices are rising at their highest rate since June because crude oil is at its highest price in nearly a year — in large part because of Saudi Arabia’s announcement that it would cut production in response to lower expected demand in 2021, according to Jeffrey Spring of the Automobile Club of Southern California.
Pump prices are rising despite continued low demand and stay-at-home orders in many parts of the state, Spring said.