Average retail gasoline prices in Modesto have not moved in the past week, averaging $2.63/gallon Sunday, according to GasBuddy’s daily survey of 201 gas outlets in Modesto. This compares with the national average that has increased 3.3 cents per gallon in the last week to $2.25/gallon, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Modesto during the past week, prices Sunday were 1.6 cents per gallon higher than the same day one year ago and are 7.2 cents per gallon higher than a month ago. The national average has increased 7.9 cents per gallon during the last month and stands 6.1 cents per gallon lower than this day one year ago.
According to GasBuddy historical data, gasoline prices on Oct. 10 in Modesto have ranged widely over the last five years: $2.61/gallon in 2015, $3.47 in 2014, $3.69 in 2013, $4.54 in 2012 and $3.71/gallon in 2011.
Areas nearby Modesto and their current gas price climate include: Stockton - $2.64/gallon, down 0.9 cents per gallon from last week’s $2.65; Oakland - $2.79, flat from last week’s $2.79; and San Jose - $2.80, flat from last week’s $2.80/gallon.
“Gasoline prices have risen in much of the country over the last week as crude oil prices rose to over $50 per barrel as the market weighed the possibility of OPEC cutting production,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. “Among the hardest hit were Great Lakes states as refinery issues also pushed fuel prices higher. And while hundreds of gas stations in Florida ran out of gasoline ahead of Hurricane Matthew, much of the increase was not because of the storm but due to the rise in crude oil prices.”
GasBuddy is the premiere source for real-time local gas prices. Founded in 2000, GasBuddy.com developed as an initiative to provide consumers access to local, current gas prices. Through the GasBuddy.com website and the free GasBuddy mobile app, users can find and share gas prices with fellow drivers, saving big money at the pump.