The average price of a gallon of self-serve regular gasoline in Riverside County rose to its highest amount since June 30 Monday, increasing 1 cent to $4.41.
The average price has increased 9.2 cents over the past five days, including six-tenths of a cent Sunday, according to figures from the AAA and the Oil Price Information Service.
The average price is 9.1 cents more than one week ago and one month ago, but 3.6 cents less than one year ago. It has dropped $1.963 since rising to a record $6.373 on Oct. 5, 2022.
The national average price rose for the sixth consecutive day, increasing eight-tenths of a cent to $3.161. It has risen 3.1 cents over the past six days, including four-tenths of a cent Sunday. The increases follow a five-day streak of decreases totaling 3 cents.
The national average price is 2.4 cents more than one week ago and one-tenth of a cent higher than one month ago and 19.2 cents less than one year ago. It has dropped $1.855 since rising to a record $5.016 on June 14, 2022.
“The national average saw a modest increase over the last week after storms temporarily knocked the Midwest’s largest refinery offline in Indiana, triggering sharp jumps in gas prices across Ohio, Wisconsin, and Michigan,” Patrick De Haan, head of petroleum analysis at GasBuddy, which provides real-time gas price information from more than 150,000 stations, said in a statement.
“We could soon see prices cycle higher in Illinois and Indiana as well, although there’s been some late-week relief in wholesale prices now that the refinery is restarting. Meanwhile, Florida saw the nation’s largest weekly decline, but a rebound due to price cycling is likely on the horizon.
“All of this is playing out while oil prices remain relatively stable in the low $60s. With no major hurricanes threatening the U.S. at the moment, the biggest wildcard remains any shifts in Russia’s war on Ukraine. For now, expect only moderate gas price fluctuations, with the potential for lower prices arriving later this fall.”