Average gasoline prices in Modesto have fallen 13.2 cents per gallon in the last week, averaging $6.06/gallon as of July 5, according to GasBuddy’s survey of 201 stations in Modesto. Prices in Modesto are 10.1 cents per gallon lower than a month ago and stand $1.90/gallon higher than a year ago. The price of diesel has fallen 6.3 cents nationally in the past week and stands at $5.72 per gallon.
According to GasBuddy price reports, the cheapest station in Modesto was priced at $5.73/gallon on Monday, July 4 while the most expensive was $6.69, a difference of 96.0 cents per gallon. The lowest price in the state Monday was $5.29 while the highest was $9.72, a difference of $4.43/gallon.
The national average price of gasoline has fallen 10.4 cents per gallon in the last week, averaging $4.78/gallon. The national average is down 7.2 cents per gallon from a month ago and stands $1.66/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.
Historical gasoline prices in Modesto and the national average going back ten years show the lowest July 5 price in Modesto at $2,69 on July 5, 2016 with the national average the lowest on July 5, 2020 when it was $2.17/gallon.
The highest price over the last 10 years for July 5 in Modesto came in at $4.16 per gallon in 2021; highest U.S average of the last 10 years was $3.66 on July 5, 2014.
Neighboring areas and their current gas prices include: Stockton - $6.09/gallon, down 10.7 cents from last week’s $6.20; Oakland - $6.29, down 12.5 cents from $6.41; and San Jose - $6.23, down 12.7 cents per gallon from last week’s $6.36/gallon.
“As expected, and for the third straight week, average gasoline prices have fallen to their lowest level in over a month. The price of wholesale gasoline has plummeted, providing price relief as millions of Americans hit the road for the holiday weekend,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While we may see prices decline into this week, the drop could fade soon if oil prices reverse. For the time being, Americans are spending nearly $100 million per day less on gasoline than when prices peaked a few weeks ago, and that’s well-needed relief at a time when gas prices remain near records.”
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.