Average Riverside County Gas Price Rises For 47th Time in 48 Days

RIVERSIDE (CNS) - The average price of a gallon of self-serve regular
gasoline in Riverside County rose to its highest amount since Oct. 6, 2023,
today, increasing six-tenths of a cent to $5.88.
  

The average price has increased 47 of the past 48 days, rising $1.409,
including six-tenths of a cent on Monday, according to figures from the AAA
and Oil Price Information Service. It rose 42 consecutive days, dropped six-
tenths of a cent on Thursday and resumed increasing the next day.
  

The average price is 3.3 cents more than one week ago, 81.7 cents
higher than one month ago and $1.064 greater than one year ago. It is 49.3
cents less than the record $6.373 set on Oct. 5, 2022.
  

Prices were rising slightly in line with seasonal norms before the
joint U.S./Israel attack on Iran on Feb. 28 sent oil prices higher and
drastically accelerated increases at the gas pump.
  

The national average price rose to its highest amount since Aug. 3,
2022, increasing 2.1 cents to $4.14. It has risen 10 consecutive days,
increasing 16.4 cents, including nine-tenths of a cent on Monday.
  

The national average price is 12.2 cents more than one week ago, 72.7
cents higher than one month ago and 88.1 cents greater than one year ago. It is
87.6 cents less than the record $5.016 set on June 14, 2022.
  

``Gasoline prices are poised for another jolt this week, with many
inland states -- including the Plains, Great Lakes, and parts of the Rockies --
likely to see sharp increases as last week's surge in wholesale costs has yet
to be fully passed through to consumers,'' 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 released Monday.
  

``In addition, some price-cycling markets could also see another round
of increases. As a result, the national average could rise by double
digits, potentially reaching the $4.20 to $4.35 per gallon range in the days
ahead.
  

``Recent escalations between the U.S. and Iran have further
intensified concerns about prolonged disruptions to global oil flows, keeping
markets on edge. At this point, the trajectory of fuel prices remains highly
uncertain and is largely contingent on the reopening of the Strait of Hormuz.
Until that occurs, the risk of further increases remains firmly in place.''
  

Copyright 2026, City News Service, Inc.