RIVERSIDE (CNS) – The average price of a gallon of self-serve regular gasoline in Riverside County dropped Wednesday for the 19th consecutive day, decreasing 4.9 cents to $4.89, its lowest amount since March 2.
The average price has decreased 53 times in 56 days since rising to a record $6.373 on Oct. 5, falling $1.483, including 5.3 cents Tuesday, according to figures from the AAA and the Oil Price Information Service. It is 20.1 cents less than one week ago and 58.4 cents lower than one month ago, but 25.2 cents more than one year ago.
The national average price dropped for the 21st consecutive day, decreasing 2.6 cents to $3.495. It is 11.4 cents less than one week ago and 26.6 cents lower than one month ago, but 10.5 cents more than one year ago.
The national average price has dropped 31 cents over the past 21 days, including 2.5 cents Tuesday. It is $1.521 lower than the record $5.016 set June 14.
“Gas prices are dropping nationwide, with some of the largest decreases happening on the West Coast. But the West also has the farthest to fall because its prices are so elevated,” said Andrew Gross, an AAA national public relations manager, citing California’s average price of $4.946, $1.451 higher than the national average.