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Slight pump price hike for final week of year
GAS BUDDY

Average gasoline prices in Modesto have risen 1.1 cents per gallon in the last week, averaging $3.88/gallon on Dec. 29, according to GasBuddy’s survey of 201 stations in Modesto. Prices in Modesto are 28.6 cents per gallon lower than a month ago and stand 4.5 cents per gallon lower than a year ago. The national average price of diesel has decreased 5.4 cents compared to a week ago and stands at $3.52 per gallon.

According to GasBuddy price reports, the cheapest station in Modesto was priced at $3.41/gallon while the most expensive was $4.99, a difference of $1.58/gallon. The lowest price in the state was $2.69 while the highest was $8.19, a difference of $5.50/gallon.

The national average price of gasoline has fallen 4.0 cents per gallon in the last week, averaging $2.75/gallon on Dec. 29. The national average is down 22.6 cents per gallon from a month ago and stands 22.4 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.

“For the fifth straight week, the national average price of gasoline has declined, with all but a handful of states seeing prices move lower,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With refineries running at seasonally high output and gasoline inventories building, most states — outside of price-cycling markets — have continued to see declines, with some stations in nearly a dozen states now dipping below the $2-per-gallon mark. That trend could persist a bit longer before prices finally bottom out sometime in January or February.”

Neighboring areas and their current gas prices include: Stockton- $3.67/gallon, down 9.9 cents from last week’s $3.77; Oakland - $4.14, up 1.6 cents from $4.12; and San Jose - $4.04, down 3.8 cents from last week’s $4.08/gallon.

GasBuddy, a PDI Technologies company, is the most authoritative source of station-level fuel pricing data, updating averages 288 times daily from spotter reports, direct station integrations, and transactional data.