The average price of a gallon of self-serve regular gasoline in Riverside County rose Saturday for the 33rd consecutive day, increasing 1.5 cents to a record $5.957.
The average price has risen $1.252 during the streak, including 2.5 cents Friday, setting a record each day, according to figures from the AAA and Oil Price Information Service. It is 11.8 cents more than one week ago, $1.172 higher than one month ago and $2.083 greater than one year ago.
Friday’s missile attack on an oil distribution facility in Saudi Arabia caused another set of increases to the price of a barrel of Brent crude on ICE Futures Europe, which are likely to mean further increases to pump prices.
The price gained $12.72 per barrel this week, settling at $120.65 on Friday, $7.33 less than its 52-week high of $127.98 on March 8.
Crude oil costs account for slightly more than half of the pump price, according to the U.S. Energy Information Administration. The rest of the price includes the other components of gasoline, production costs, distribution costs, overhead costs for all involved in production, distribution and sales, taxes and carbon offset fees in California paid by the refineries.