The average price of a gallon of self-serve regular gasoline in Riverside County rose four-tenths of a cent Sunday after changing by two-tenths of a cent or less 10 of the previous 11 days.

The average price of $4.18 is eight-tenths of a cent higher than one week ago, 8.6 cents more than one month ago and $1.175 greater than a year ago, according to figures from the AAA and Oil Price4 Information Service.

The average price has risen $1.005 since the start of the year to its highest amount since Oct. 7, 2019, mainly because of a run of 82 increases in 84 days totaling 70.4 cents that ended March 30.

The primary reasons for the increased prices since the start of the year are “higher oil prices and higher demand as the economy reopens and more people began returning to work and travel,” said Marie Montgomery, a public relations specialist with the Automobile Club of Southern California.

The large price increase from one year ago is the result of a significant decrease during the early stage of the coronavirus pandemic, when driving and demand dropped substantially because of stay-at-home orders intended to reduce the spread of the virus.

Leave a comment

Your email address will not be published. Required fields are marked *