The average price of a gallon of self-serve regular gasoline in Riverside County dropped Sunday for the 26th time in the last 27 days, decreasing 1 cent to $4.806.
The average price has dropped 36.4 cents over the past 27 days, including 1.2 cents Saturday, according to figures from the AAA and Oil Price Information Service. It is 10.9 cents less than one week ago, 39.6 cents less than one month ago and 4.4 cents less than one year ago. It has dropped $1.567 since rising to a record $6.373 on Oct. 5, 2022.
The national average price dropped for the 17th consecutive day, decreasing seven-tenths of a cent to $3.449. It has dropped 16.6 cents over the past 17 days, including 1.5 cents Saturday. The national average price is 8.7 cents less than one week ago, 19.3 cents less than one month ago and 13.4 cents less than one year ago. It has dropped $1.567 since rising to a record $5.016 on June 14, 2022.
“This drop in pump prices appears to have some sticking power for now,” said Andrew Gross, an AAA national public relations manager. “More states should see their averages dip below $3 a gallon in the coming weeks.”
The California average price for a gallon of self-serve regular gasoline on Sunday was $4.936, the highest in the nation. The reasons for the higher prices include the nation’s highest gasoline taxes, according to the U.S. Energy Information Administration, and the special blend of gasoline required to be sold in the state that reduces pollution.