Modesto gas prices have risen 6.1 cents per gallon in the past week, averaging $3.89/gallon as of Monday, May 3, according to GasBuddy’s daily survey of 201 stations in Modesto. Gas prices in Modesto are 12.0 cents per gallon higher than a month ago and stand $1.48/gallon higher than a year ago.
According to GasBuddy price reports, the cheapest station in Modesto was priced at $3.39/gallon Monday while the most expensive was $4.39, a difference of 100.0 cents per gallon. The lowest price in the state Monday was $3.15 while the highest was $5.89, a difference of $2.74/gallon.
The national average price of gasoline has risen 0.7 cents per gallon in the last week, averaging $2.89/gallon. The national average is up 1.8 cents per gallon from a month ago and stands $1.13/g higher than a year ago.
Neighboring areas and their current gas prices include: Stockton - $3.87/gallon, up 1.9 cents per gallon from last week’s $3.86; Oakland - $4.07, up 3.1 cents from $4.04; San Jose - $4.06, up 4.3 cents per gallon from last week’s $4.02/gallon.
“The nation’s gas prices perked up again last week as oil prices advanced to fresh multi-year highs on COVID improvements overseas and the switch to summer gasoline, which is basically now complete,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “Last week saw the national average hit its highest level in two years, and with continued recovery in gasoline demand, the increase in price is likely to continue into the future. The question going forward is how much demand will continue to recover and rise; will it lead to record summer gasoline demand? We indeed may see some weeks with new records as Americans get in their cars this summer, but the question is how many will do so? That will determine how much higher prices will go.”
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.