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Slow, Steady Rise Seen At Gas Pumps

Average gasoline prices in Modesto have risen 5.4 cents per gallon in the last week, averaging $5.08/gallon, according to GasBuddy’s survey of 201 stations in Modesto. Prices in Modesto are 26.1 cents per gallon higher than a month ago and stand 7.5 cents per gallon higher than a year ago. The national average price of diesel has risen 9.6 cents in the last week and stands at $4.435 per gallon.

According to GasBuddy price reports, the cheapest station in Modesto was priced at $4.69/gallon on Sept. 4 while the most expensive was $5.69, a difference of 100.0 cents per gallon. The lowest price in the state yesterday was $4.39 while the highest was $6.89, a difference of $2.50/gallon.

The national average price of gasoline has fallen 1.2 cents per gallon in the last week, averaging $3.77/gallon. The national average is down 4.4 cents per gallon from a month ago and stands 2.1 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 - $5.04/gallon, up 8.9 cents per gallon from $4.95; Oakland - $5.26, up 6.0 cents from $5.20; and San Jose - $5.24, up 5.3 cents per gallon from last week’s $5.19/gallon.

“The national average fell to its lowest level since July ahead of Labor Day, even as oil prices rose last week to the highest level since last November,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “In addition, Hurricane Idalia steered well clear of significant energy infrastructure, leading to zero impact to gas prices. With the switch back to winter gasoline less than two weeks away, we could eventually see more downward pressure on gas prices. However, any disturbances that threaten the Gulf could delay any decline between now and then, creating a bit of a bumpy ride for the next week or two before more relief arrives toward late September.”

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.