Average gasoline prices in Modesto have fallen 3.0 cents per gallon in the last week, averaging $6.24/gallon on June 20, according to GasBuddy’s survey of 201 stations in Modesto. Prices in Modesto are 36.6 cents per gallon higher than a month ago and stand $2.12/gallon higher than a year ago. The price of diesel has risen 2.6 cents nationally in the past week and stands at $5.80 per gallon.
The national average price of gasoline has fallen 4.2 cents per gallon in the last week, averaging $4.97/gallon as of June 20. The national average is up 37.3 cents per gallon from a month ago and stands $1.92/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.
The cheapest station in Modesto was priced at $5.81/gallon over the weekend while the most expensive was $7.09, a difference of $1.28/gallon. The lowest price in the state was $5.31 while the highest was $9.70, a difference of $4.39/gallon.
Neighboring areas and their current gas prices include: Stockton - $6.34/gallon, up 1.2 cents per gallon from $6.32; Oakland - $6.50, down 5.2 cents from last week’s $6.55; and San Jose - $6.43/gallon, down 8.6 cents from last week’s $6.52/gallon.
“Finally some relief. For the first time in nine weeks, gasoline prices have fallen, following a broad sell-off in oil markets last week, pushing the national average back under the $5 level with most states seeing relief at the pump,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “I’m hopeful the trend may continue this week, especially as concerns appear to be mounting that we may be on the cusp of an economic slowdown, putting downward pressure on oil. But the coast isn’t yet entirely clear. We could see the national average fall another 15 to 30 cents, if we’re lucky, by the time fireworks are flying, barring any unexpected shutdowns at a time when the market is extremely sensitive to such.”
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.