Average retail gasoline prices in Modesto have risen 5.0 cents per gallon in the past week, averaging $2.57/gallon Sunday, according to GasBuddy’s daily survey of 201 gas outlets in Modesto. This compares with the national average that has fallen 1.8 cents per gallon in the last week to $2.17/gallon, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Modesto during the past week, prices Sunday were 25.5 cents per gallon lower than the same day one year ago and are 15.5 cents per gallon higher than a month ago. The national average has increased 5.0 cents per gallon during the last month and stands 17.2 cents per gallon lower than this day one year ago.
According to GasBuddy historical data, gasoline prices on Sept. 12 in Modesto have ranged widely over the last five years: $2.82/gallon in 2015, $3.66 in 2014, $3.85 in 2013, $4.08 in 2012 and $3.86/gallon in 2011.
Areas nearby Modesto and their current gas price climate include: Stockton - $2.62/gallon, up 6.5 cents per gallon from last week’s $2.56; Oakland - $2.74, up 6.7 cents per gallon from last week’s $2.68 and San Jose - $2.76, up 6.8 cents per gallon from last week’s $2.69/gallon.
“With the kids back in school we’re now at that point when gasoline demand eases and refineries also return to the cheaper ‘winter-blend’ gasoline which should start reaching consumers later this week,” said Gregg Laskoski, senior petroleum analyst for GasBuddy. “The national average price of a gallon of gas remains 20 cents lower than the average we saw a year ago, and, coincidentally, the price of the benchmark WTI that opens this week ($46/bbl) is almost identical to where it was a year ago ... all of which aligns with the seasonal retail price decline.”
GasBuddy is the premiere source for real-time local gas prices. Founded in 2000, GasBuddy.com developed as an initiative to provide consumers access to local, current gas prices. Through the GasBuddy.com website and the free GasBuddy mobile app, users can find and share gas prices with fellow drivers, saving big money at the pump.