The average price of a gallon of self-serve regular gasoline in Riverside County dropped for the 41st time in 43 days Saturday, falling 2.1 cents to $5.424, its lowest amount since July 20.
The average price has dropped 91.5 cents over the past 43 days, including 3.6 cents Friday, according to figures from the AAA and Oil Price Information Service. It is 19.6 cents less than one week ago and 72.2 cents less than one month ago, but 71.8 cents more than one year ago. It has increased 87.3 cents since the start of the joint U.S./Israel war on Iran on Feb. 28, which sent oil prices higher and drastically accelerated increases at the gas pump.
“Oil prices remain well under $100 a barrel and we are in the time of year when gasoline demand typically drops along with pump prices,” Kandace Redd, the Automobile Club of Southern California’s senior public affairs specialist, said in a statement released Thursday. “If Southern California pump price drops continue, Thanksgiving holiday travelers will be paying about the same for gas as they did over the Independence Day holiday, when the statewide average price was $5.40 a gallon.”
The national average price dropped for the 21st consecutive day, falling 3.2 cents to $3.84, its lowest amount since July 8. The national average price is 19.7 cents less than one week ago and 49.3 cents less than one month ago, but 76 cents more than one year ago. It has increased 85.8 cents since the attack on Iran.