The average price of a gallon of self-serve regular gasoline in Riverside County dropped Saturday for the 19th consecutive day and 26th time in 27 days, decreasing 2.5 cents to $5.694, its lowest amount since March 11.
The average price has dropped 54.2 cents over the past 27 days, including 3 cents Friday, according to figures from the AAA and the Oil Price Information Service. It is 16.3 cents less than one week ago and 57.9 cents lower than one month ago, but $1.421 more than one year ago.
“Los Angeles wholesale gasoline prices have dropped by about $1.50 since their highest point in early June and are now at their lowest level since Feb. 28,” said Doug Shupe, the Automobile Club of Southern California’s corporate communications manager.
“A few stations in Los Angeles and San Diego counties have already dropped their prices below $5 a gallon, and we would expect more stations will join them provided current trends continue,” he added.
The national average price dropped for the 39th consecutive day following an 18-day streak of increases, decreasing 3.1 cents to $4.382. It has dropped 63.4 cents over the past 39 days, including 2.7 cents Friday, after rising 41.5 cents during the 18-day streak of increases.
The national average price is 16.6 cents less than one week ago and 55.8 cents lower than one month ago, but $1.227 more than one year ago.