RIVERSIDE (CNS) – The average price of a gallon of self-serve regular gasoline in Riverside County dropped today to its lowest amount since Jan. 4, 2018, decreasing 3.1 cents to $3.104.
The average price has dropped 21 consecutive days, decreasing 36.2 cents, including 3 cents on Tuesday, according to figures from the AAA and Oil Price Information Service.
The average price is 18.2 cents less than one week ago, 37.4 cents lower than one month ago and 36.9 cents below what it was one year ago. It has decreased 40.4 cents since the start of the year.
The dropping price is the result of the significant decrease of commercial and general motorist traffic because of the coronavirus outbreak and increased oil production by Russia and Saudi Arabia, boosting the supply and lowering the price, according to Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.