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Motorists Seeing Slight Dip In Pump Prices
GAS BUDDY

Average gasoline prices in Modesto have fallen 2.2 cents per gallon in the last week, averaging $5.56/gallon as of March 28, according to GasBuddy’s survey of 201 stations in Modesto. Prices in Modesto are 98.4 cents per gallon higher than a month ago and stand $1.84/gallon higher than a year ago.

The national average price of gasoline is unchanged in the last week, averaging $4.23/gallon. The national average is up 62.4 cents per gallon from a month ago and stands $1.38/gallon higher than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.

According to GasBuddy price reports, the cheapest station in Modesto was priced at $5.09/gallon on March 28 while the most expensive was $6.07, a difference of 98.0 cents per gallon. The lowest price in the state was $4.92 while the highest was $7.51/gallon, a difference of $2.59/gallon.

Neighboring areas and their current gas prices include: Stockton - $5.69/gallon, up 7.2 cents from last week’s $5.61; Oakland - $5.85, up 2.8 cents per gallon from $5.82; and San Jose - $5.82/gallon, up 0.9 cents from last week’s $5.81/gallon.

“The decline we’ve seen in average gas prices has been slowing down, as oil prices have held above $100 after declining under that level as recently as a few weeks ago. For the near future, we’ll see a mix of slight decreases and some potential increases mixed in. California markets should finally cool off and areas could even move lower in Southern California, while the Great Lakes could see gas prices jump up after having fallen for the last week or so,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While the national average should start to stabilize for the time being, there’s no telling what's around the corner, at least for now, as the volatility in oil prices persists.”

GasBuddy is the authoritative voice for gas prices and the only source for station-level data spanning nearly two decades. GasBuddy’s survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country. GasBuddy data is accessible at http://prices.GasBuddy.com.