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Slow, Steady Climb For Area Gas Prices

Average gasoline prices in Modesto have risen 6.1 cents per gallon in the last week, averaging $4.60/gallon as of Monday, March 13, according to GasBuddy’s survey of 201 stations in Modesto. Prices in Modesto are 32.6 cents per gallon higher than a month ago and stand 89.8 cents per gallon lower than a year ago. The national average price of diesel has fallen 4.1 cents in the last week and stands at $4.30 per gallon.

According to GasBuddy price reports, the cheapest station in Modesto was priced at $4.25/gallon while the most expensive was $5.15, a difference of 90.0 cents per gallon. The lowest price in the state as of March 13 was $3.99 while the highest was $6.77, a difference of $2.78/gallon.

The national average price of gasoline has risen 8.0 cents per gallon in the last week, averaging $3.44/gallon. The national average is up 7.1 cents per gallon from a month ago and stands 87.7 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.

Neighboring areas and their current gas prices include: Stockton - $4.67/gallon, up 8.3 cents from last week’s $4.59; Oakland - $4.89, up 3.9 cents per gallon from $4.85; and San Jose - $4.89/gallon, up 6.0 cents per gallon from last week’s $4.83/gallon.

“With the transition to more expensive summer gasoline underway coast to coast, wholesale gasoline prices continue to inch up at a rate typical for this time of year, reflected in the national average rising for the second straight week,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While oil prices edged slightly lower on weaker outlooks for economic growth, continued refinery maintenance and the higher cost of seasonal blends of fuel are offsetting oil’s decline. The price of diesel, however, continues to slowly decline as we see consumption for diesel lighten up. The best news for both gasoline and diesel prices is how significant a drop we’ve seen from year-ago levels, with more disinflation to come in the weeks ahead, even as gas prices are likely to inch up.”

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.