Modesto gas prices have risen 2.5 cents per gallon in the past week, averaging $3.71/gallon as of Monday, March 22, according to GasBuddy’s daily survey of 201 stations in Modesto. Gas prices in Modesto are 36.2 cents per gallon higher than a month ago and stand 89.0 cents per gallon higher than a year ago.
According to GasBuddy price reports, the cheapest station in Modesto was priced at $3.25/gallon on March 22 while the most expensive was $4.15, a difference of 90.0 cents per gallon. The lowest price in the state was $3.09 while the highest was $5.79, a difference of $2.70/gallon.
The national average price of gasoline has fallen 0.3 cents per gallon in the last week, averaging $2.86/gallon as of March 22. The national average is up 22.2 cents per gallon from a month ago and stands 78.2 cents per gallon higher than a year ago.
Neighboring areas and their current gas prices include: Stockton - $3.73/gallon, down 2.2 cents per gallon from last week’s $3.76; Oakland - $3.88, up 0.5 cents from $3.87; and San Jose - $3.89, up 2.0 cents per gallon from last week’s $3.87/gallon.
“With oil prices finally sagging over the last week on inflation fears and worries about a surge in COVID-19 cases in Europe impacting oil demand, motorists filling their tanks may soon see a brief respite from rising gas prices,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “While gasoline demand last week rose to its highest level since the pandemic began, concerns that oil demand growth will stall with COVID-19 cases surging in Europe are eroding oil’s recent rise. While gas prices still rose in a majority of states last week, we may see some price decreases in the week or weeks ahead, even as U.S. gasoline demand continues to rally to the highest level since the pandemic started nearly a year ago. It’ll be a bumpy road the next few weeks as markets sort out the bearish and bullish factors, but I still believe prices will likely experience more upward momentum ahead of Memorial Day.”
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.