Average retail gasoline prices in Modesto have risen 12.6 cents per gallon in the past week, averaging $2.96/gallon Monday, according to GasBuddy’s daily survey of 201 gas outlets in Modesto. This compares with the national average that has increased 23.8 cents per gallon in the last week to $2.64/gallon, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Modesto during the past week, prices Monday were 44.5 cents per gallon higher than the same day one year ago and are 16.0 cents per gallon higher than a month ago. The national average has increased 29.8 cents per gallon during the last month and stands 44.5 cents per gallon higher than this day one year ago.
According to GasBuddy historical data, gasoline prices on Sept. 5 in Modesto have ranged widely over the last five years: $2.52/gallon in 2016, $2.89 in 2015, $3.70 in 2014, $3.66 in 2013 and $4.09/gallon in 2012.
Areas near Modesto and their current gas price climate include: Stockton - $2.99/gallon, up 12.4 cents per gallon from last week’s $2.86; Oakland - $3.16, up 9.6 cents per gallon from last weeks $3.06; and San Jose - $3.14, up 9.3 cents per gallon from last week’s $3.05/gallon.
“Thanks to Harvey shutting down an extensive amount of refining capacity, the national average gasoline price saw its largest weekly jump since Katrina hit the Gulf Coast in 2005 when the national average jumped 49 cents in a week. Every state has seen average gas prices rise, Texas saw shortages at hundreds of stations; it has been one of the most challenging weeks faced in years,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. “Until Texas can recover from Harvey, gasoline prices will likely continue to remain elevated. The situation is beginning to look up, with many refineries either back online or in the process, and gasoline production is ramping back up.”
For LIVE fuel price averages, visit http://FuelInsights.GasBuddy.com.
GasBuddy is the technology company changing the way more than 70 million consumers find, purchase, and save money on gasoline. Founded in 2000, the original GasBuddy website was a pioneer in crowd-sourced information, leveraging technology, big data, and a passionate community that now connects more than 70 million users with real-time, accurate fuel pricing information as well as reliable reviews of gas station amenities and services. The app and website have the most accurate and real-time fuel prices at over 140,000 unique stations in the United States, Canada, and Australia and is the most comprehensive money-saving companion while on the road. GasBuddy is available on all mobile platforms. For more information, visit www.gasbuddy.com.