Average Riverside County Gas Price Rises over $6

RIVERSIDE (CNS) - The average price of a gallon of self-serve regular
gasoline in Riverside County rose to its highest amount since Oct. 3, 2023,
today, increasing 2.7 cents to $6.052.
  

The average price has risen 14 consecutive days, increasing 29.5
cents, including 1.3 cents Monday, according to figures from the AAA and Oil
Price Information Service. The streak of increases follows a run of 12
decreases in 13 days totaling 12.6 cents.
  

The average price is 15.4 cents more than one week ago, 18.4 cents
higher than one month ago and $1.459 above what it was one year ago. It has
risen $1.501 since the joint U.S./Israel attack on Iran Feb. 28, moving within
32.1 cents of the record $6.373 set Oct. 5, 2022.
  

The national average price rose to its highest amount since July 19,
2022, increasing 2.6 cents to $4.483. It has risen 13 consecutive days,
increasing 47.3 cents, including 1.1 cents Monday.
  

The national average price is 30.7 cents more than one week ago, 37.3
cents higher than one month ago and $1.318 above what it was one year ago. It
has risen $1.501 since the attack on Iran, moving within 53.3 cents of the
record $5.016 set June 14, 2022.
  

``Gasoline prices rose in every state over the last week, with some of
the most significant and fastest increases concentrated in the Great
Lakes,''  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 Monday.
 

 ``Markets are also digesting a wave of new developments -- including
OPEC+ raising production for June and President (Donald) Trump outlining a plan
to free stranded ships -- which could help restore some supply.
  

``However, with so many moving pieces, the outlook remains highly
fluid, and while some localized relief may emerge, broader price volatility is
likely to persist in the near term.''
  

OPEC+ is the Russia-led group of oil producers.
  

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