Though average gasoline prices in Modesto have fallen 4.6 cents per gallon in the last week, they still are more than a dollar per gallon higher than the national average.
Prices on July 14 came in at an average cost of $4.16/gallon, according to GasBuddy’s survey of 201 stations in Modesto. Prices in Modesto are 18.7 cents per gallon lower than a month ago and stand 28.0 cents per gallon lower than a year ago.
The national average price of gasoline has risen 2.0 cents per gallon in the last week, averaging $3.11/gallon as of July 14. The national average is down 0.5 cents per gallon from a month ago and stands 37.9 cents per gallon lower 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.
The national average price of diesel has increased 3.2 cents in the last week and stands at $3.67 per gallon.
According to GasBuddy price reports, the cheapest station in Modesto was priced at $3.67/gallon while the most expensive was $5.09, a difference of $1.42/gallon. The lowest price in the state was $3.09 while the highest was $6.79, a difference of $3.70/gallon.
Neighboring areas and their current gas prices include: Stockton - $4.20/gallon, down 9.5 cents per gallon from $4.29; Oakland - $4.53, down 6.1 cents from $4.59; and San Jose - $4.43/gallon, down 11.0 cents per gallon from last week’s $4.54/gallon.
Historical gasoline prices in Modesto and the national average going back 10 years show the highest Modesto price of $5.81 per gallon was on July 14, 2022 and the lowest of $2.65 per gallon was in 2016. Highest U.S. average price per gallon of $4.57 was on July 14, 2022 and the lowest was in 2020, when the average was $2.19 per gallon.
“With oil prices posting a modest uptick last week, the national average price of gasoline also inched slightly higher, with just over half of U.S. states seeing increases, while nearly two dozen saw declines,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “As we approach the midpoint of the summer driving season, gasoline inventories remain just below average, while diesel inventories are considerably tighter – keeping upward pressure on diesel prices. While renewed tariff discussions could weigh on oil markets due to concerns about economic growth, absent any major developments, we expect the national average to remain rangebound in the low-$3 per gallon area, where it has spent much of the summer.”
GasBuddy is the authoritative voice for gas prices and its 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.
