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Pump Prices Still Rising

POSTED September 13, 2017 10:03 a.m.
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Pump Prices Still Rising

Pump Prices Still Rising


Average retail gasoline prices in Modesto have risen 4.7 cents per gallon in the past week, averaging $3.01/gallon Sunday, according to GasBuddy’s daily survey of 201 gas outlets in Modesto. This compares with the national average that has increased 1.8 cents per gallon in the last week to $2.65/gallon, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Modesto during the past week, prices Sunday were 44.2 cents per gallon higher than the same day one year ago and are 20.0 cents per gallon higher than a month ago. The national average has increased 30.4 cents per gallon during the last month and stands 48.1 cents per gallon higher than this day one year ago.

According to GasBuddy historical data, gasoline prices on Sept. 11 in Modesto have ranged widely over the last five years: $2.57/gallon in 2016, $2.83 in 2015, $3.68 in 2014, $3.80 in 2013 and $4.09/gallon in 2012.

Areas near Modesto and their current gas price climate include: Stockton - $3.02/gallon, up 3.8 cents per gallon from last week’s $2.99; Oakland - $3.19, up 3.1 cents per gallon; San Jose - $3.18, up 3.5 cents per gallon from last week’s $3.14/gallon.

“Harvey may be long gone, but his wrath continued to drive gasoline prices up in much of the country in the last week. However, the effects are finally starting to weaken as refineries return to production and fuel begins to flow once again from many Houston refineries,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. “The national average gasoline price appears to have peaked last week Thursday at $2.67 per gallon and is beginning to slowly decline for the time being. Once again, motorists shouldn’t expect to see any impact from Irma on gasoline prices due to the path being a considerable distance from sensitive areas of the energy sector.”

GasBuddy is the technology company changing the way more than 70 million consumers find, purchase, and save money on gasoline. Founded in 2000, the original GasBuddy website was a pioneer in crowd-sourced information, leveraging technology, big data, and a passionate community that now connects more than 70 million users with real-time, accurate fuel pricing information as well as reliable reviews of gas station amenities and services. The app and website have the most accurate and real-time fuel prices at over 140,000 unique stations in the United States, Canada, and Australia and is the most comprehensive money-saving companion while on the road. GasBuddy is available on all mobile platforms. For more information, visit www.gasbuddy.com.

“With summer driving season now over, motorists stand to benefit from falling demand, which will help refineries bring gasoline inventories back to normal and thus gas prices, but as many Americans are now acutely aware, the impact on gas prices can outlive a storm, especially one like Harvey,” DeHaan added.

For LIVE fuel price averages, visit http://FuelInsights.GasBuddy.com.

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