Lake Elsinore-Wildomar Gasoline Price Continues to Slip

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By City News Service

The average price of a gallon of self-serve regular gasoline in the Inland Empire dropped 2.7 cents Friday to $3.675, the 33rd decrease in 35 days.

The average price in Riverside and San Bernardino counties has dropped 52.3 cents over the past 35 days, including 1.1 cents on Thursday, according to figures from the AAA and Oil Price Information Service.

The decreases follow a nine-day streak of increases totaling 72.1 cents that pushed the average price to its highest amount since May 12, 2014.

The average price dropped for 26 consecutive days, rose a total of 5.8 cents on Aug. 13 and last Friday as a result of rising wholesale prices, then resumed declining on Saturday, according to Allison Mac, a West Coast petroleum analyst for GasBuddy.com, which bills itself as the nation’s leading provider of retail fuel pricing information and data.

The average price is 11.3 cents less than one week ago, 50.8 cents lower than one month ago and 15.4 cents below what it was one year ago.

“It’s been a wild ride for gas prices this summer due to supply uncertainty,” said Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager. “The volatility makes it more important than ever for consumers to be aware of the lowest-priced stations near them, or to shop around before filling up by using gas price apps.”