RIVERSIDE (CNS) – The average price of a gallon of self-serve regular gasoline in Riverside County dropped today to its lowest amount since Aug. 13, 2017, decreasing 1.4 cents to $2.931.
The average price has dropped 30 consecutive days, decreasing 53.5 cents, including 1.6 cents on Thursday, according to figures from the AAA and Oil Price Information Service.
The average price is 12.1 cents less than one week ago, 53.5 cents lower than one month ago and 69.3 cents below what it was one year ago. It has decreased 57.7 cents since the start of the year.
The 2017 average included stations in San Bernardino County.
The prices are expected to continue to drop because “gasoline demand has continued to weaken,” as many people heed stay-at-home orders stemming from the coronavirus outbreak, according to Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.
“California reformulated gasoline production fell by more than 25% and inventories increased over the past week, so we expect to see retail prices continue to decline,” Spring said.