The average price of a gallon of self-serve regular gasoline in Riverside County resumed rising Saturday after a one-day interruption to nearly three months of increases, rising eight-tenths of a cent to $3.899.
The average price has risen 85 times in the past 89 days, increasing 71.9 cents to its highest amount since Nov. 17, 2019, according to figures from the AAA and Oil Price Information Service. It is 1.9 cents higher than one week ago, 21.3 cents more than one month ago and 96.8 cents greater than one year ago.
The average price dropped one-tenth of a cent Friday, a half-cent Tuesday, a half-cent on March 5 to end a 55-day streak of increases, and two-tenths of a cent on Jan. 25, ending a 20-day streak of increases.
The average price is expected to continue increasing because “demand is continuing to rise as more Southern Californians get vaccinated and pandemic restrictions ease,” said Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.
The crude oil price and supply and demand are the two most important factors in the price of gasoline.