The average price of a gallon of self-serve regular gasoline in Riverside County dropped one-tenth of a cent Saturday to $4.60.
The average price is six-tenths of a cent less than one week ago and three-tenths of a cent lower than one month ago, but $1.292 higher than one year ago, according to figures from the AAA and Oil Price Information Service.
The average price has dropped 4.1 cents since Nov. 27, when it rose to its highest amount since Oct. 13, 2012 at $4.641. However, increases are expected in a few weeks with the start of the traditional “spring spike” season that typically brings increases averaging 50 cents a gallon, according to Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.
“Given the lack of relief in pump prices due to continued high oil prices, it’s increasingly likely that Southern California gas prices will reach new record highs sometime in the next few months,” Spring said.