The average price of a gallon of self-serve regular gasoline in Riverside County fell for the seventh consecutive day Monday, decreasing two-tenths of a cent to $5.241, a day after it fell seven-tenths of a cent.
The average price has dropped 4.9 cents during the streak, including eight-tenths of a cent Saturday, according to figures from the AAA and Oil Price Information Service. It is 4.9 cents less than one week ago, but 2.5 cents more than one month ago and 46 cents higher than one year ago.
The average price has dropped $1.132 since rising to a record $6.373 on Oct. 5, 2022.
The national average price dropped two-tenths of a cent to $3.651. It is eight-tenths of a cent less than one week ago, but 6 cents more than one month ago and 10.4 cents more than one year ago. The national average price has dropped $1.365 since rising to a record $5.016 on June 14, 2022.
“From a demand perspective, we have entered the pre-Memorial Day funk,” said Andrew Gross, an AAA national public relations manager. “And the cost of a barrel of oil is nearly $10 less than two weeks ago, as oil prices have fallen into the upper $70s. This may keep pump prices somewhat flat for the immediate future.”