Slight Increase Ends Four-Day Streak of Dropping Riverside County Gas Prices

RIVERSIDE (CNS) - A four-day streak of decreases to the average price
of a gallon of self-serve regular gasoline in Riverside County totaling 5.3
cents ended today with an increase of two-tenths of a cent to $5.832.
  

The average price had increased 68 times in 70 days to its highest
amount since Oct. 6, 2023, before Thursday's start of the brief streak of
decreases, according to figures from the AAA and Oil Price Information Service.
  

The average price is 4.2 cents less than one week ago but 47.8 cents
more than one month ago and $1.081 higher than one year ago. It is 54.1 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. Prices began to fall
slightly after news of a cease fire last week, though subsequent peace talks in
Pakistan failed to produce a deal.
  

The three-day streak of decreases to the national average price
totaling 4.1 cents ended when it was unchanged, remaining at $4.125. It is six-
tenths of a cent more than one week ago, 49.5 cents higher than one month ago
and 93.6 cents greater than one year ago.
  

The national average price is 89.1 cents less than the record $5.016
set on June 14, 2022.
  

``The verdict is in -- gas prices are likely to return to climbing
with (President Donald) Trump's new Strait (of Hormuz) block -- with price
cycling states likely to hike gas prices very soon -- as early as tomorrow --
for many areas as oil prices surge past $100 (per barrel),'' Patrick De Haan,
head of petroleum analysis at GasBuddy, which provides real-time gas price
information from more than 150,000 stations, wrote on the social platform X
Sunday.
  

Reformulated blendstock for oxygenate blending ``pointing to big surge
in wholesale tmrw,'' according to De Haan.
  

RBOB is an unfinished, refined petroleum product used to produce
cleaner-burning gasoline.
  

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