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Residents see slowly declining gas prices

Average gasoline prices in Modesto have fallen 2.2 cents per gallon in the last week, averaging $5.24/gallon as of May 6, according to GasBuddy’s survey of 201 stations in Modesto. Prices in Modesto are 6.7 cents per gallon higher than a month ago and stand 74.7 cents per gallon higher than a year ago. The national average price of diesel has dropped 3.4 cents in the last week and stands at $3.94 per gallon.

According to GasBuddy price reports, the cheapest station in Modesto was priced at $4.69/gallon while the most expensive was $5.89, a difference of $1.20/gallon. The lowest price in the state was $4.29 while the highest was $8.35, a difference of $4.06/gallon.

The national average price of gasoline has fallen 1 cent per gallon in the last week, averaging $3.62. The national average is up 2.7 cents per gallon from a month ago and stands 11.1 cents per 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.

Neighboring areas and their current gas prices include: Stockton - $5.21/gallon, down 9.2 cents from $5.30; Oakland - $5.42, down 4.8 cents from last week’s $5.47; and San Jose - $5.41, down 3.0 cents per gallon from last week’s $5.44/gallon.

“We’ve seen the national average fade slightly again as oil prices have cooled and our spring peak appears to be more confidently behind us,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While refinery utilization rates last week indicated that there is still some refinery maintenance work to be done, oil prices have helped put downward pressure on gasoline prices, with oil falling below $80 per barrel last week. With the seasonal factors behind us, looking ahead, we expect gasoline prices to continue cooling alongside diesel prices as we look forward to Memorial Day weekend.”

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.