Modesto gas prices have fallen 6.6 cents per gallon in the past week, averaging $4.42/gallon on Monday, Jan. 17, according to GasBuddy’s daily survey of 201 stations in Modesto. Gas prices in Modesto are 11.2 cents per gallon lower than a month ago and stand $1.24/gallon higher than a year ago.
According to GasBuddy price reports, the cheapest station in Modesto was priced at $3.83 on Jan. 17 while the most expensive was $4.99, a difference of $1.16/gallon. The lowest price in the state Monday, Jan. 17 was $3.79 while the highest was $6.59, a difference of $2.80/gallon.
The national average price of gasoline has risen 1.1 cents per gallon in the last week, averaging $3.31/gallon. The national average is down 0.4 cents per gallon from a month ago and stands 93.1 cents per gallon higher than a year ago.
Neighboring areas and their current gas prices include: Stockton - $4.46/gallon, down 5.7 cents from last week’s $4.52; Oakland - $4.71, down 1 cent per gallon from $4.72; and San Jose - $4.71/gallon, down 3.8 cents from last week’s $4.75/gallon.
“Average gas prices saw a slight boost over the last week as the rising price of crude oil continues to push prices up. While the rise was fairly tame, some states still saw slight declines. Gasoline demand, aside from motorists filling up ahead of the weekend winter storm, has been lackluster. The real pain at the pump will start in about four to six weeks,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “Oil prices continue to edge higher as oil production remains a concern due to unrest in Libya and Kazakhstan, however, some improvement in the latter situation could lead to oil prices being more subdued.”
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.