Average gasoline prices in Modesto have risen 46.9 cents per gallon in the last week, averaging $5.05/gallon as of March 7, according to GasBuddy’s survey of 201 stations in Modesto. Prices in Modesto are 67.1 cents per gallon higher than a month ago and stand $1.51/gallon higher than a year ago.
According to GasBuddy price reports, the cheapest station in Modesto was priced at $4.55/gallon on March 7 while the most expensive was $5.89, a difference of $1.34/gallon. The lowest price in the state was $4.04 while the highest was $7.69, a difference of $3.65/gallon.
The national average price of gasoline has risen 46.5 cents per gallon in the last week, averaging $4.06/gallon. The national average is up 61.1 cents per gallon from a month ago and stands $1.29/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.
“There are few words to describe the unprecedented rise in gasoline prices over the last week, with massive spikes coast to coast in both gasoline and diesel prices, as oil prices jump to their highest since 2008. Forget the $4 per gallon mark, the nation will soon set new all-time record highs and we could push closer to a national average of $4.50/gallon. California could be heading for $5.50 per gallon with more stations charging $6 and beyond,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “We’ve never been in this situation before, with this level of uncertainty. As we lose a major global producer under the weight of deserving bipartisan sanctions for invading a sovereign country, the cost is high. Americans will be feeling the pain of the rise in prices for quite some time, with little good news foreseen.”
Neighboring areas around Modesto and their current gas prices include: Stockton - $5.15/gallon, up 48.9 cents per gallon from last week’s $4.67; Oakland - $5.36, up 50.8 cents from $4.85; and San Jose - $5.32/gallon, up 46.8 cents from last week’s $4.85/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.