Gasoline prices in Modesto have fallen 6.6 cents per gallon in the past week, averaging $3.04/gallon on Jan. 14, according to GasBuddy’s daily survey of 201 stations in Modesto. This compares with the national average that has increased 0.5 cents per gallon versus last week to $2.24/gallon, according to GasBuddy.
Average gasoline prices on Jan. 14 in Modesto have ranged widely over the last five years: $2.98/gallon in 2018, $2.63 in 2017, $2.49 in 2016, $2.39 in 2015 and $3.49/gallon in 2014.
Including the change locally during the past week, prices were 6.3 cents per gallon higher than a year ago and are 16.8 cents per gallon lower than a month ago. The national average has dropped 14.1 cents per gallon during the last month and stands 28.4 cents per gallon lower than a year ago.
Areas near Modesto and their current gas price climate include: Stockton - $3.13/gallon, down 4.5 cents per gallon from last week’s $3.17; Oakland - $3.36, down 4.2 cents from last week’s $3.40/gallon; and San Jose - $3.34, down 4.7 cents per gallon from last week’s $3.38/gallon.
“With oil prices back over $50 per barrel, it looks like gas prices in more areas may soon bottom out and start to tick higher. While it doesn’t seem that prices will rise very far, it looks more and more like the lowest price of the year may now be behind us,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “Gas prices in the Great Lakes saw a noticeable jump last week and tend to see among the earliest trend changes in the country, which may be a harbinger of what’s to come for the rest of us.”
For LIVE fuel price averages, visit http://FuelInsights.GasBuddy.com.
GasBuddy is the technology company changing the way more than 75 million consumers find, purchase, and save money on gasoline. Founded in 2000, the original GasBuddy website was a pioneer in crowd-sourced information, leveraging technology, big data, and a passionate community that now connects more than 70 million users with real-time, accurate fuel pricing information as well as reliable reviews of gas station amenities and services. The app and website have the most accurate and real-time fuel prices at over 140,000 unique stations in the United States, Canada, and Australia and is the most comprehensive money-saving companion while on the road. GasBuddy is available on all mobile platforms. For more information, visit www.gasbuddy.com.