RIVERSIDE (CNS) – The average price of a gallon of self-serve regular gasoline in Riverside County recorded its third consecutive increase today after dropping 58 of the previous 62 days to its lowest amount since Aug. 30, 2016.
The average price rose a half-cent to $2.676, one day after increasing four-tenths of a cent, according to figures from the AAA and Oil Price Information Service. It had decreased 80.6 cents in the 62 days before Wednesday’s increase of seven-tenths of a cent.
The average price is 1.3 cents more than one week ago but 19.2 cents less than one month ago and $1.372 lower than one year ago. It has decreased 83.2 cents since the start of the year.
The increasing prices are the result of demand “increasing compared to prior weeks, and refineries have reduced production to between 50%-60% of capacity,” Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager, told City News Service.