gasoline
MNLA photo by Clancy O'Dessky

The average price of a gallon of self-serve regular gasoline in Riverside County dropped Sunday for the 34th consecutive day and 41st time in the past 42 days, decreasing 2.2 cents to $5.367, its lowest amount since March 7.

The average price has dropped 87.9 cents over the past 42 days, including 3.2 cents Saturday, according to figures from the AAA and the Oil Price Information Service. It has dropped 96.3 cents since rising to a record $6.33 on June 14.

The average price is 17.2 cents less than one week ago and 75.5 cents lower than one month ago, but $1.064 more than one year ago.

The national average price dropped for the 54th consecutive day, decreasing 1.5 cents to $4.069. It has dropped 94.7 cents since rising to a record $5.016 on June 14, including 2.9 cents Saturday.

The national average price is 15.1 cents less than one week ago and 68.3 cents lower than one month ago, but 88.1 cents more than one year ago.

“Gas prices will remain volatile as we move through the final month of summer travel,” Doug Shupe, the Automobile Club of Southern California’s corporate communications manager, told City News Service. “Demand will likely increase closer to Labor Day which will put upward pressure on pump prices.”

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