Average gasoline prices in Modesto have fallen 3.8 cents per gallon in the last week, averaging $4.20/gallon on July 7, according to GasBuddy’s survey of 201 stations in Modesto. Prices in Modesto are 30.3 cents per gallon lower than a month ago and stand 23.3 cents per gallon lower than a year ago.
The national average price of diesel has decreased 3.2 cents in the last week and stands at $3.64 per gallon.
According to GasBuddy price reports, the cheapest station in Modesto was priced at $3.69/gallon while the most expensive was $5.41, a difference of $1.72/gallon. The lowest price in the state was $3.51 while the highest was $6.79, a difference of $3.28/gallon.
The national average price of gasoline has fallen 5.3 cents per gallon in the last week, now averaging $3.09/gallon. The national average is down 1.1 cents per gallon from a month ago and stands 37.4 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.
Neighboring areas and their current gas prices include: Stockton - $4.29/gallon, down 5.1 cents from $4.34; Oakland - $4.59, down 1.4 cents from $4.60; and San Jose - $4.54/gallon, down 4.7 cents from last week’s $4.59/gallon.
“Nearly every state saw average gas prices decline for the second straight week, even as the nation celebrated July 4 with the lowest national average for Independence Day since 2020,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “That downward momentum may continue, as OPEC’s weekend decision to boost production by a larger-than-expected 548,000 barrels per day in August adds further pressure to oil prices— potentially accelerating supply builds. If tensions in the Middle East remain contained and the Gulf is spared from major hurricanes, the odds are improving that the national average could dip below $3 per gallon later this summer, but in the meantime we could see the national average falling to its lowest summer level since the pandemic.”
Historical gasoline prices in Modesto and the national average going back 10 years show the lowest July 7 price in Modesto was $2.68 per gallon in 2016 and the lowest U.S average was $2.19 per gallon on July 7, 2020.
Highest Modesto average price was $5.99 per gallon in 2022; the highest U.S. average was also that same year, with a July 7 average of $4.73 per gallon in 2022.
GasBuddy is the authoritative voice for gas prices and the only source for station-level data. 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.
