Inland Empire gas price nearing $4 per gallon

Average price now at highest level since early November 2012

POSTED: 06:26 AM PST Feb 05, 2013    UPDATED: 09:47 AM PST Feb 04, 2013 
RIVERSIDE, Calif. -

The average price of a gallon of self-serve regular  gasoline in the Inland Empire rose to its highest amount since Nov. 3,  increasing 2.1 cents to $3.994.

      The average price in Riverside and San Bernardino counties has increased  10 of the last 11 days, rising 29.4 cents over that span, including 1.4 cents  on Monday, according to figures from the AAA and Oil Price Information Service.

      The average price is 26.4 cents more than one week ago, 37.5 cents  higher than one month ago and 22.1 cents greater than one year ago.

      The increasing prices are the result of high oil prices, Middle East  tension, maintenance at refineries that reduces supplies and investors shifting  their money into the gasoline market "earlier and earlier," according to  Jeffrey Spring of the Automobile Club of Southern California.