The average price of a gallon of self-serve regular gasoline in Riverside County recorded its third consecutive increase of at least 1 cent Sunday, rising 1 cent to $4.404, its highest amount since Oct. 23, 2012.
The average price has risen 11 times in 13 days, increasing 7.9 cents, including 1.5 cents on both Friday and Saturday, according to figures from the AAA and Oil Price Information Service. It rose five consecutive days, dropped one-tenth of a cent last Sunday and was unchanged Monday before resuming its upward climb Tuesday.
The average price is 5.2 cents more than one week ago, 9.4 cents higher than one month ago and $1.27 greater than one year ago.
The record price is $4.688 set on Oct. 8, 2012, which included stations in San Bernardino County.
High crude oil prices remain the main culprit for rising pump prices, according to the AAA. The price of a barrel of West Texas intermediate crude for November delivery on the New York Mercantile Exchange rose 97 cents Friday to $82.28, its highest closing price since Oct. 21, 2014.
The crude oil price has increased 129.9% from its 52-week low of $35.79 on Oct. 30, 2020, because of higher demand following the elimination of coronavirus-related restrictions.
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