A streak of 10 consecutive increases to the average price of a gallon of self-serve regular gasoline in the Inland Empire ended Thursday morning with a decrease of seven-tenths of a cent to $4.006.
The average price in Riverside and San Bernardino counties increased 19.2 cents over a 20-day stretch, including two-tenths of a cent on Wednesday, according to figures from the AAA and Oil Price Information Service.
The average price is 6.4 cents more than one week ago and 13.9 cents
higher than one month ago, but 11.2 cents less than one year ago.
In the Los Angeles-Long Beach area, the average price of self-serve regular gasoline was $4.05 per gallon as of Thursday; in San Diego, it was $4.022.
“Supply issues that were reportedly the cause of this latest spike have apparently been resolved through restored production at local refineries,” said Auto Club spokesperson Jeffrey Spring. “We saw some small reductions in the last two days in Southern California average retail prices after local wholesale gasoline prices dropped significantly at the start of the week. If that trend holds, we should see further reductions at the pump.”—City News Service and Patch staff contributed to this report.