The average price of a gallon of self-service regular gasoline in Riverside County increased a half-cent Sunday to $4.423.
The average price is four-tenths of a cent more than one week ago, but 7.4 cents less than one month ago and $1.489 less than one year ago, according to figures from the AAA and Oil Price Information Service. It has dropped $1.95 since rising to a record $6.373 on Oct. 5, 2022.
The national average price dropped four-tenths of a cent to $3.173, its ninth consecutive decrease. It is 4.5 cents less than one week ago, 12.3 cents less than one month ago and 57.3 cents less than one year ago. It has dropped $1.843 since rising to a record $5.016 on June 14, 2022.
“Despite the threat of war and a hurricane season that is still percolating, domestic gasoline prices are edging lower,” said Andrew Gross, an AAA national public relations manager. “There are now 18 states east of the Rockies with averages below $3 a gallon. And OPEC+ is saying, at least for now, they will increase production starting Dec. 1, putting even more downward pressure on pump prices.”