Average Riverside County Gas Price Records Largest Increase Since 2023

RIVERSIDE (CNS) - The average price of a gallon of self-serve regular
gasoline in Riverside County recorded its largest increase since Sept. 29,
2023, today, rising 8.9 cents to $4.771, its highest amount since April 11.
  

The average price has risen 35 of the past 36 days, increasing 63
cents, including 7.8 cents on Wednesday, according to figures from the AAA and
Oil Price Information Service. It rose 20 consecutive days, was unchanged Feb.
18 and resumed increasing the next day.
  

The average price is 23.5 cents more than one week ago, 46.8 cents
higher than one month ago and 18.2 cents greater than one year ago. It has
dropped $1.602 since rising to a record $6.373 on Oct. 5, 2022.
  

``Gas prices are rising primarily due to a recent surge in crude oil
following strikes on Iran by the U.S. and Israel,'' Kandace Redd, the
Automobile Club of Southern California's senior public affairs specialist, told
City News Service. ``Any conflict with Iran can send oil prices higher, as Iran
is a major oil producer and about a fifth of the oil consumed globally travels
through the Strait of Hormuz between Iran and Oman.
  

``Gas prices are increasing because of seasonal factors too.
Refineries are beginning the switch to more expensive summer-blend fuel, and
demand is picking up as we head into the spring break season with more people
on the road."
  

The national average price rose 5.3 cents to $3.251, its highest
amount since Sept. 11, 2024. It has risen five consecutive days, increasing
26.9 cents, including 8.9 cents on Wednesday.
  

The national average price is 26.8 cents more than one week ago, 36
cents higher than one month ago and 14.4 cents greater than one year ago. It
has dropped $1.765 since rising to a record $5.016 on June 14, 2022.
  

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