Average retail gasoline prices in Modesto have fallen 1.2 cents per gallon in the past week, averaging $2.78/gallon Sunday, according to GasBuddy’s daily survey of 201 gas outlets in Modesto. This compares with the national average that has increased 2.1 cents per gallon in the last week to $2.33/gallon, according to gasoline price website GasBuddy.com.
Areas near Modesto and their current gas price climate include: Stockton - $2.82/gallon, down 2.6 cents per gallon from last week’s $2.85; Oakland - $3, up 0.5 cents per gallon from last week’s $2.99; San Jose - $2.97, up 2.9 cents from last week’s $2.95/gallon.
Including the change in gas prices in Modesto during the past week, prices Sunday were 36.2 cents per gallon higher than the same day one year ago and are 1.3 cents per gallon higher than a month ago. The national average has increased 7.3 cents per gallon during the last month and stands 21.6 cents per gallon higher than this day one year ago.
According to GasBuddy historical data, gasoline prices on Aug. 7 in Modesto have ranged widely over the last five years: $2.42/gallon in 2016, $3.25 in 2015, $3.81 in 2014, $3.75 in 2013 and $3.76/gallon in 2012.
“For the third straight week, gasoline prices have accelerated with the national average at its highest level in over eight weeks, driven by rising oil prices as inventories continue to tighten,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. “Looking behind us however, gas prices have remained in a relatively tight range for the last year, staying within a 30 cent wide range. While we’re likely to see gas prices continuing to move higher in the week ahead as they catch up to oil, we’re unlikely to break out of the well-established rut in the national average which has kept prices between $2.12 and $2.42 for the last 15 months.”
For live fuel price averages, visit http://FuelInsights.GasBuddy.com.
GasBuddy is the technology company changing the way more than 60 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 60 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.