Gas prices are steadily on the rise, with some people predicting a $5 price tag being reached before the end of the month.
In the Riverside-San Bernardino area, regular gas cost $4.621, up from $4.479 Friday -- according to the Automobile Club of Southern California's Fuel Gauge Report.
The Automobile Club of Southern California also reported that Southern California gas prices spiked nine cents in 24 hours this week – the highest one-day increase of 2012.
One month ago, regular gas was $4.147; one year ago today, regular gas was $3.795.
“Reportedly in recent weeks, local refineries were dropping production levels, exporting supply to Mexico and other countries, and allowing inventory to dwindle in anticipation of switching over to production of ‘winter blend’ gasoline; then a refinery power outage and a pipeline incident occurred on Monday that sent wholesale markets into a panic about the adequacy of California fuel supplies,” said Auto Club spokesperson Jeffrey Spring.
"In the Inland Empire, the average per gallon price is $4.298, up 18.9 cents from last week, 15.6 cents higher than last month, and 48 cents more than last year," the Triple A reported earlier this week.
