Average gasoline prices in Modesto have fallen 0.7 cents per gallon in the last week, averaging $5.55/gallon as of Monday, April 4, according to GasBuddy’s survey of 201 stations in Modesto. Prices in Modesto are 65.8 cents per gallon higher than a month ago and stand $1.77/gallon higher than a year ago.
According to GasBuddy price reports, the cheapest station in Modesto was priced at $5.05/gallon while the most expensive was $6.09, a difference of $1.04/gallon. The lowest price in the state April 4 was $4.79 while the highest was $8.94, a difference of $4.15/gallon.
The national average price of gasoline has fallen 5.4 cents per gallon in the last week, averaging $4.17/gallon. The national average is up 25.5 cents per gallon from a month ago and stands $1.31/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.
Neighboring areas and their current gas prices include: Stockton - $5.63/gallon, down 5.4 cents per gallon from last week’s $5.69; Oakland - $5.82, down 2.7 cents from $5.85; and San Jose - $5.80/gallon, down 2.1 cents per gallon from last week’s $5.82.
“Oil prices fell last week as COVID cases in China surged, prompting restrictions on movements and hurting oil demand. Meanwhile, President Biden’s announcement that the U.S. would be releasing 180 million barrels from the Strategic Petroleum Reserve caused an even further decline in oil, leading gas prices in nearly all areas of the country to fall over the last week,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “So long as oil prices remain under $100 per barrel and there’s no escalations in Russia’s war on Ukraine, we may be poised to see gas prices decline again this week as the U.S. and other countries try to raise oil supply to tip prices lower.”
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.