The average price of a gallon of self-serve regular gasoline in Riverside County rose four-tenths of a cent Saturday to $4.314.
The average price is one-tenth of a cent less than one week ago and two-tenths of a cent lower than one month ago, but $1.14 higher than one year ago, according to figures from the AAA and Oil Price Information Service.
Wholesale Los Angeles gasoline is trading at about $2.15 per gallon, more than $2 below current retail price averages, Tom Kloza of Oil Price Information Service reported Thursday.
“A combination of plentiful imported gasoline in Southern California and Ida-related increased gasoline costs elsewhere is the reason for this unusual situation,” said Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager. “We should be starting to see some substantial retail price decreases soon.”