Average gasoline prices in Modesto have fallen 8.9 cents per gallon in the last week, averaging $4.07/gallon as of July 21, according to GasBuddy’s survey of 201 stations in Modesto. Prices in Modesto are 30.2 cents per gallon lower than a month ago and stand 31.5 cents per gallon lower than a year ago. The national average price of diesel has increased 1.7 cents in the last week and stands at $3.69 per gallon.
According to GasBuddy price reports, the cheapest station in Modesto was priced at $3.65 while the most expensive was $4.89, a difference of $1.24/gallon. The lowest price in the state was $2.99 while the highest was $6.79, a difference of $3.80/gallon.
The national average price of gasoline has fallen 1.7 cents per gallon in the last week, averaging $3.09/gallon on July 21. The national average is down 11.5 cents per gallon from a month ago and stands 37.7 cents per gallon lower 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.
Neighboring areas and their current gas prices include: Stockton - $4.24, up 4.1 cents per gallon from last week’s $4.20; Oakland - $4.50, down 2.8 cents from $4.53; and San Jose - $4.44/gallon, up 0.7 cents from $4.43/gallon.
“The national average price of gasoline slipped slightly over the last week, falling alongside oil, which dropped more than $2 per barrel,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “However, a few states – including Florida, Nebraska, and Indiana – bucked the trend, posting double-digit increases per gallon. These areas are prone to a phenomenon known as price cycling, where prices can spike and plunge every couple of weeks even if wholesale costs remain mostly unchanged. While I don’t expect major movement in the national average as we approach August, states impacted by price cycling will likely continue to experience more volatile price swings, while others will see relative stability.”
Historical gasoline prices in Modesto and the national average going back 10 years show the highest Modesto price of $5.66 per gallon was recorded on July 21, 2022 and the highest U.S. Average of $4.42 was also reported that same day. The lowest Modesto price of $2.58 per gallon came on July 21, 2016 and the same date featured the lowest U.S. Average price of $2.17 per gallon.
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.