Modesto gas prices have fallen 0.3 cents per gallon in the past week, averaging $3.21/gallon as of Monday, Feb. 1, according to GasBuddy’s daily survey of 201 stations in Modesto. Gas prices in Modesto are 18.5 cents per gallon higher than a month ago and stand 2.1 cents per gallon lower than a year ago.
According to GasBuddy price reports, the cheapest station in Modesto was priced at $2.92/gallon on Feb. 1 while the most expensive was $3.67, a difference of 75.0 cents per gallon. The lowest price in the state was $2.65/gallon while the highest was $5.29, a difference of $2.64/gallon.
The national average price of gasoline has risen 1.9 cents per gallon in the last week, averaging $2.42/gallon. The national average is up 17.4 cents per gallon from a month ago and stands 5.5 cents per gallon lower than a year ago.
Neighboring areas and their current gas prices include: Stockton - $3.29/gallon, unchanged from last week; Oakland - $3.45, up 2.0 cents per gallon from $3.43; and San Jose - $3.43/gallon, down 0.7 cents per gallon from last week’s $3.43/gallon.
“Gas price increases continue to slow down as oil prices fail to continue moving upward, even as gasoline demand continues to show new signs of improving recovery,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “According to Pay with GasBuddy data, Friday gasoline demand (Jan. 29) was the highest since November, while Saturday (Jan. 30) gasoline demand was the strongest of any Saturday since the pandemic began. The rise in gasoline demand has certainly been behind oil’s rally in the last few months, as COVID restrictions continue to ease and the economy slowly continues recovery. While the next few weeks may see gas prices rising slightly, the real pinch could come in March and lasting through summer, should demand continue on this path.”
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://FuelInsights.GasBuddy.com.