Average gasoline prices in Modesto have risen 0.7 cents per gallon in the last week, averaging $4.45/gallon on Monday, Jan. 10, according to GasBuddy’s survey of 201 stations in Modesto. Prices in Modesto are 10.2 cents per gallon lower than a month ago and stand $1.32/gallon higher than a year ago.
According to GasBuddy price reports, the cheapest station in Modesto was priced at $3.99/gallon on Jan. 10 while the most expensive was $4.99, a difference of 100.0 cents per gallon. The lowest price in the state was $3.79 while the highest was $5.89, a difference of $2.10/gallon.
The national average price of gasoline has risen 2.3 cents per gallon in the last week, averaging $3.29/gallon on Jan. 10. The national average is down 5.5 cents per gallon from a month ago and stands 97.5 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 - $4.48/gallon, up 0.8 cents from last week’s $4.47; Oakland - $4.71, up 0.6 cents per gallon from last week; and San Jose - $4.74, up 0.6 cents per gallon from last week’s $4.73/gallon.
“Oil prices have remained stubbornly strong, touching nearly $80 per barrel last week, pushing gasoline prices higher even as U.S. gasoline demand starts to struggle. Some of this is typical seasonal weakness, but the lack of demand is likely enhanced by omicron cases surging and Americans who are just a bit more hesitant to get out right now,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “In addition, unrest in Kazakhstan, the 18th largest oil producer, is likely leading to impacts on oil production, while continued unrest in Libya also worries markets and overpowers the seasonal drop in gasoline demand. Without improvement or stability in oil producing countries, we’re likely to continue to see upward pressure on oil prices.”
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://prices.GasBuddy.com.