Gas Prices In Temecula Still Soar Over 2021 Prices

TEMECULA, CA — The average price of a gallon of self-serve regular gasoline in Riverside County rose one-tenth of a cent Tuesday to $4.597, the third time in four days, it changed by one-tenth of a cent. Will it be lowering soon?

The AAA and Oil Price Information Service predicts that it will.

Temecula's lowest gas prices were at $4.29 and the highest well above the average at $4.89 for regular, unleaded gasoline. On Tuesday, the cheapest gas was at the Ynez Road Costco, at $4.29 per gallon of regular unleaded gasoline.

In Riverside County, the average price for a gallon of regular, unleaded gasoline is seven-tenths of a cent less than one week ago and three-tenths of a cent lower than one month ago but $1.267 higher than one year ago, according to figures from the AAA and Oil Price Information Service.

The average price dropped one-tenth of a cent Saturday and rose one-tenth of a cent Sunday. It dropped a half-cent Monday.

The average price has dropped 4.4 cents since Nov. 27, when it rose to its highest amount since Oct. 13, 2012, at $4.641.

"Prices are stable, at a high level," Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager, told City News Service. "Gas prices in the region never fell at the same rate as did oil prices when the price dropped from $85 per barrel to around $64 in November and December 2021. Although oil prices have again increased, gas prices have remained flat.

"However, we're about to go into the turnaround period when refineries start producing summer-blend gasoline, which is more expensive to produce, so we'll have to see how that affects gas prices."

City News Service contributed to this report.