Average gasoline prices in Modesto have risen 20.0 cents per gallon in the last week, averaging $4.58/gallon as of Feb. 28, according to GasBuddy’s survey of 201 stations in Modesto. Prices in Modesto are 17.8 cents per gallon higher than a month ago and stand $1.08/gallon higher than a year ago.
According to GasBuddy price reports, the cheapest station in Modesto was priced at $4.19/gallon Monday while the most expensive was $5.10, a difference of 91.0 cents per gallon. The lowest price in the state was $3.94 while the highest was $6.09, a difference of $2.15/gallon.
The national average price of gasoline has risen 7.5 cents per gallon in the last week, averaging $3.59/gallon on Feb. 28. The national average is up 23.2 cents per gallon from a month ago and stands 87.6 cents per gallon higher than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.
“The Russian invasion of Ukraine has sparked high level concern that oil production could eventually be stifled, or even sanctioned, from the world’s second largest oil producer, leading to less supply as demand grows. That possibility has pushed up the national average price of gasoline considerably in the last week, and the situation could worsen at any time, keeping gas prices elevated for the foreseeable future,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “In addition to the unstable situation with the Russian invasion, we’re also entering the time of year that seasonality pushes gasoline prices up by anywhere from 25 to 75 cents by Memorial Day. It’s simply looking like a perfect storm for motorists at the pump, with little to no relief anytime soon.”
Neighboring areas and their current gas prices include: Stockton - $4.67/gallon, up 12.8 cents per gallon from last week’s $4.54; Oakland - $4.85, up 9.0 cents per gallon from $4.76; and San Jose - $4.85, up 9.6 cents per gallon from last week’s $4.76/gallon.
GasBuddy is the authoritative voice for gas prices and the only source for station-level data spanning nearly two decades. GasBuddy’s survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country. GasBuddy data is accessible at http://prices.GasBuddy.com.