The average price of a gallon of self-serve regular gasoline in Riverside County rose Sunday for the 55th consecutive day and 75th time in 76 days, increasing two-tenths of a cent to $3.87, its highest amount since Nov. 20, 2019.
The average price has increased 69 cents over the past 76 days, including nine-tenths of a cent on Saturday, according to figures from the AAA and Oil Price Information Service. It is 4.8 cents higher than one week ago, 31.6 cents more than one month ago and 67.1 cents greater than one year ago.
There are signs the weekly price increases that began before Christmas may soon come to an end, according to Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.
“Oil Price Information Service reported Wednesday that wholesale prices are now dropping on news that some gasoline components that were in short supply have now arrived from overseas,” Spring said. “Also, OPIS reported that Arizona supply issues are resolving as Texas refineries return to full production, so California refineries are sending less gasoline to Arizona.”