The average price of a gallon of self-serve regular gasoline in Riverside County dropped four-tenths of a cent Sunday to $3.477, one day after a streak of four consecutive deceases ended when it rose two-tenths of a cent.
The average price is 1.7 cents less than one week ago and 2.4 cents lower than one month ago, but 28.8 cents more than one year ago, according to figures from the AAA and Oil Price Information Service.
“While concerns about the coronavirus are pushing down demand for oil and gasoline nationwide, locally our gas prices are more affected by the performance of our refineries,” said Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.
“Once gas stations start selling the more expensive summer blend of gasoline, which will happen over the next couple of weeks, we could see price increases that reflect both the increased production costs and the constrained supply if these unplanned refinery issues aren’t quickly resolved.”
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