Average retail gasoline prices in Modesto have risen 4.8 cents per gallon in the past week, averaging $2.98/gallon, according to GasBuddy’s daily survey of 201 gas outlets in Modesto. This compares with the national average that has increased 3.5 cents per gallon in the last week to $2.52/gallon, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Modesto during the past week, prices were 33.5 cents per gallon higher than the same day one year ago and are 3.7 cents per gallon higher than a month ago. The national average has increased 9.0 cents per gallon during the last month and stands 18.7 cents per gallon higher than this day one year ago.
According to GasBuddy historical data, gasoline prices on Jan. 15 in Modesto have ranged widely over the last five years: $2.64/gallon in 2017, $2.49 in 2016, $2.38 in 2015, $3.48 in 2014 and $3.48/gallon in 2013.
Areas near Modesto and their current gas price climate include: Stockton - $2.98/gallon, up 1 cent per gallon from last week’s $2.97; Oakland - $3.15, flat from last week’s $3.15; and San Jose - $3.16, up 1.8 cents per gallon from last week’s $3.14/gallon.
“With oil prices rallying to their highest level since 2014, it’s no surprise that gasoline prices continue to show frustrating strength for this time of year,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “While winter is usually a time for modest declines at the pump, this year has seen anything but. While two years ago areas of the country flirted with sub-$1 gas prices, we now see most areas more than double that. One bright spot, however, is that gasoline production remains very strong at a time of year when it tends to be weak, and that could open the door for some larger discounts in the weeks ahead as refiners begin to move winter gasoline out of inventories to prepare for the transition to cleaner burning gasoline.”
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.