A run of 26 decreases in 27 days to the average price of a gallon of self-serve regular gasoline in Riverside County totaling 34.5 cents ended Monday with an increase of one-tenth of a cent to $4.424.
The average price dropped six consecutive days, rose two-tenths of a cent Nov. 17 and resumed decreasing the following day, according to figures from the AAA and the Oil Price Information Service.
The average price is 12.5 cents less than one week ago and 33.4 cents lower than one month ago, but 13.3 cents more than one year ago. It has dropped $1.949 since rising to a record $6.373 on Oct. 5, 2022.
The national average price dropped for the 17th time in 18 days on Monday, falling three-tenths of a cent to $2.952. It has dropped 14.8 cents over the past 18 days, including eight-tenths of a cent on Sunday.
The national average price dropped 12 consecutive days, rose one-tenth of a cent Wednesday, then resumed decreasing Thursday. It is 4.9 cents less than one week ago, 12.1 cents lower than one month ago and 6.6 cents below what it was one year ago.
The national average price has dropped $2.064 since rising to a record $5.016 on June 14, 2022.
“Gas prices continued to decline in most states last week, while some price-cycling states saw temporary spikes to restore margins,” 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.
“With the national average falling further, we’re now at multi-year lows heading into Christmas. Barring any major disruptions, prices are likely to stay relatively low into the new year.”