Modesto gas prices have fallen 2.5 cents per gallon in the past week, averaging $2.92/gallon as of Monday, July 27, according to GasBuddy’s daily survey of 201 stations. Gas prices in Modesto are 6.0 cents per gallon higher than a month ago and stand 55.6 cents per gallon lower than a year ago.
According to GasBuddy price reports, the cheapest station in Modesto is priced at $2.57/gallon while the most expensive is $3.47, a difference of 90.0 cents per gallon. The lowest price in the state July 27 was $2.43/gallon while the highest was $3.99, a difference of $1.56/gallon.
The national average price of gasoline has fallen 2.5 cents per gallon in the last week, averaging $2.17/gallon on July 27. The national average is down 0.3 cents per gallon from a month ago and stands 56.3 cents per gallon lower than a year ago.
“We remain stuck in neutral when it comes to gasoline prices. While Pay with GasBuddy data showed a small rebound in gasoline demand, oil prices have again failed to break out, leading to yet another week of little change at the pump,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “It’s a bit too early to tell if the small rise in gasoline demand last week will continue into this week, but it does seem the most likely situation. The V-shaped recovery in gasoline demand has been put on hold for nearly all of July as coronavirus cases surged, but once we recover from that and we see demand show several weeks of recovery, we'll likely see gas prices begin to tick higher.”
Neighboring areas and their current gas prices include: Stockton - $3.04/gallon, down 2.0 cents per gallon from last week’s $3.06; Oakland - $3.19, down 1.1 cents from $3.20; and San Jose - $3.20/gallon, unchanged from last week.
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.