RIVERSIDE – The average price of a gallon of self-serve regular gasoline in the Inland Empire dropped today for the 15th time in 16 days, decreasing one-tenth of a cent to $2.957.
The average price in Riverside and San Bernardino counties has dropped 6.4 cents over the past 16 days, including eight-tenths of a cent on Friday, according to figures from the AAA and Oil Price Information Service.
The average price is 2.8 cents less than one week ago and 2.4 cents lower than one month ago, but 11.8 cents higher than one year ago and 19.9 cents more than on Jan. 1.
“Both oil and fuel supplies are plentiful for now, and Los Angeles wholesale unleaded gasoline prices have dropped by about 35 cents in the past month,” said Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.
“If those trends hold steady, there is room for retail prices to drop significantly further in coming weeks.”