Average retail gasoline prices in Modesto have risen 1.6 cents per gallon in the past week, averaging $2.61/gallon on Sunday, according to GasBuddy’s daily survey of 201 gas outlets in Modesto. This compares with the national average that has increased 6.9 cents per gallon in the last week to $2.11/gallon, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Modesto during the past week, prices Sunday were 28.2 cents per gallon lower than the same day one year ago and are 18.7 cents per gallon higher than a month ago. The national average has increased 13.7 cents per gallon during the last month and stands 33.0 cents per gallon lower than this day one year ago.
According to GasBuddy historical data, gasoline prices on April 18 in Modesto have ranged widely over the last five years: $2.89/gallon in 2015, $3.97 in 2014, $3.80 in 2013, $4.11 in 2012 and $4.13/gallon in 2011.
Areas nearby Modesto and their current gas price climate include: Stockton- $2.63/gallon, up 3.1 cents per gallon from last week’s $2.60; Oakland- $2.76, up 2.5 cents per gallon from last week’s $2.74; and San Jose- $2.78, up 3.7 cents per gallon from last week’s $2.74.
“Gasoline prices increased last week in 49 of 50 states, thanks to a sudden jump in the price of crude oil tied to speculation of a change or freeze in oil output at this weekend’s meeting in Doha, Qatar,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. “At the conclusion of the talks over the weekend, no decision was made, not at all a surprise given the recent disagreements between major players Saudi Arabia and Iran. The lack of a clear vision to cut or even freeze crude oil production will likely lead to a sharp sell off in oil markets to start the week as global oil production continues to outpace demand.”
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.