The average price of a gallon of self-serve regular gasoline in Riverside County rose a half-cent to a record $5.99 Sunday, one day after a streak of 23 consecutive increases totaling 28 cents ended when it remained unchanged.
The average price is 8.7 cents more than one week ago, 27.4 cents higher than one month ago and $1.892 greater than one year ago, according to figures from the AAA and Oil Price Information Service.
The national average price was unchanged for the second consecutive day, remaining at $4.593 after rising to records 11 consecutive days.
“Tighter supply and increased demand have pushed pump prices higher,” Doug Shupe, the Automobile Club of Southern California’s corporate communications manager, told City News Service. “This supply/demand dynamic, combined with volatile crude prices, will likely keep upward pressure on pump prices.
“We don’t see any immediate relief in sight due to the global oil concerns exacerbated by the war between Russia and Ukraine and the increasing demand for gas as drivers prepare to take summer road trips beginning Memorial Day weekend.”