The average price of a gallon of self-service regular gasoline in Riverside County dropped a half-cent Saturday to $4.354, its lowest amount since Dec. 31, 2022.
The average price has decreased for five consecutive days, and is 2.3 cents less than one week ago, 8.3 cents lower than one month ago and 68.9 cents less than one year ago, according to figures from the AAA and Oil Price Information Service. It has dropped $2.019 since rising to a record $6.373 on Oct. 5, 2022.
“With the exception of San Bernardino, Santa Barbara and Ventura, all major metro areas in Southern California now have the lowest gas price levels of the year,” said Doug Shupe, the Automobile Club of Southern California’s corporate communications manager. “Oil Price Information Service reports that California gasoline inventories have increased for three straight weeks.”
The national average price dropped nine-tenths of a cent to $3.09. It is 2 cents less than one week ago, 11.5 cents less than one month ago and 31.1 cents less than one year ago. The national average price has dropped $1.926 since rising to a record $5.016 on June 14, 2022.