The average price of a gallon of self-service regular gasoline in Riverside County dropped Friday to its lowest amount since July 21, 2021, decreasing 1.1 cents to $4.27.
The average price has dropped 12 of the past 13 days, decreasing 6.5 cents, according to figures from the AAA and Oil Price Information Service. It dropped 11 consecutive days, then rose two-tenths of a cent Thursday.
The average price is 3.3 cents less than one week ago, 6.9 cents lower than one month ago and 36.6 cents below what it was one year ago. It has dropped $2.103 since rising to a record $6.373 on Oct. 5, 2022.
“Oil Price Information Service reports that higher inventories of gasoline in Southern California are continuing to put downward pressure on prices,” said Doug Shupe, the Automobile Club of Southern California’s corporate communications manager.
“A couple of Southern California gas stations are now posting pump prices under $3.50 for regular unleaded.”
The national average price was unchanged, remaining at $3.026 after back-to-back increases totaling 1.5 cents. It is unchanged from one week ago, 5.8 cents less than one month ago and 9.5 cents lower than one year ago.
The national average price has dropped $1.99 since rising to a record $5.016 on June 14, 2022.