Riverside (CBS)— The average price of a gallon of self-serve regular gasoline in the Inland Empire has climbed to its highest price since Fall 2008.
The average price in Riverside and San Bernardino counties increased three-tenths of a cent to $3.383, its highest since Oct. 14, 2008. The price has been on the rise for six consecutive days — 1.2 cents Wednesday, nine-tenths of a cent Thursday, 1 cent both Friday and Saturday, eight-tenths of a cent Sunday and three-tenths of a cent today.READ MORE: Man And Woman Shot To Death In Gardena
According to figures from the AAA and Oil Price Information Service, the current price is 5.1 cents more than a week ago, 6.2 cents higher than one month ago and 41.1 cents above what it was one year ago.READ MORE: Local Doctors Flying Back From Super Bowl Save Woman's Life On Plane
Analysts cite high oil prices as the reason for the rising gasoline prices. Crude oil costs account for two-thirds to three-quarters of the price of a gallon of gasoline, according to Tupper Hull, vice president of strategic communications for the Western States Petroleum Association, a trade association representing oil companies in six western states.MORE NEWS: Rally Held Outside LA Hall Of Justice To Recall District Attorney George Gascón
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