Average retail gasoline prices in Modesto have risen 4.5 cents per gallon in the past week, averaging $3.58/gallon Monday, according to GasBuddy’s daily survey of 201 gas outlets in Modesto. This compares with the national average that has increased 1.8 cents per gallon in the last week to $2.96/gallon, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Modesto during the past week, prices Monday were 55.0 cents per gallon higher than the same day one year ago and are 19.2 cents per gallon higher than a month ago. The national average has increased 15.8 cents per gallon during the last month and stands 60.6 cents per gallon higher than this day one year ago.
According to GasBuddy historical data, gasoline prices on May 29 in Modesto have ranged widely over the last five years: $3.03/gallon in 2017, $2.68 in 2016, $3.41 in 2015, $4.01 in 2014 and $3.92/gallon in 2013.
Areas near Modesto and their current gas price climate: Stockton - $3.64/gallon, up 2.2 cents per gallon from last week’s $3.61; Oakland - $3.75, up 2.0 cents from last week’s $3.73; and San Jose - $3.76, up 2.5 cents per gallon from last week’s $3.74/gallon.
“As the summer driving season gets underway, there’s reason to be optimistic and perhaps happy: OPEC appears ready to raise crude oil production to meet higher global demand, dashing at least for now, the likelihood of seeing the national average hit that ugly $3/gallon mark,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “For now, the national average peaked just under that level.”
For LIVE fuel price averages, visit http://FuelInsights.GasBuddy.com.
GasBuddy is the technology company changing the way more than 75 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.