Average gasoline prices in Modesto have fallen 8.1 cents per gallon in the last week, averaging $5.09/gallon on Aug. 15, according to GasBuddy’s survey of 201 stations in Modesto. Prices in Modesto are 70.4 cents per gallon lower than a month ago and stand 77.8 cents per gallon higher than a year ago. The national average price of diesel has declined 14.8 cents in the last week and stands at $5.27 per gallon.
According to GasBuddy price reports, the cheapest station in Modesto was priced at $4.49/gallon while the most expensive was $6.39, a difference of $1.90/gallon. The lowest price in the state was $4.45/gallon while the highest was $6.99, a difference of $2.54/gallon.
The national average price of gasoline has fallen 9.9 cents per gallon in the last week, averaging $3.92/gallon as of Aug. 15. The national average is down 63.7 cents per gallon from a month ago and stands 74.8 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 - $5.22/gallon, down 5.9 cents per gallon from last week’s $5.28; Oakland - $5.37, down 4.8 cents per gallon from $5.42; and San Jose - $5.35/gallon, down 7.7 cents from last week’s $5.43/gallon.
“For the ninth week straight, gas prices have continued to fall, but the streak is at great risk of being broken this week with wholesale gasoline prices having bounced back up some 40 cents per gallon as oil prices have rebounded,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “That means the decline in average prices could wrap up soon, with some price increases possible as early as this week, especially in areas of the Great Lakes. While the West Coast and some areas of the Rockies may see prices continue to drift lower, I do believe the national average could tick higher this week as the better than expected jobs report last week likely means less demand destruction than anticipated.”
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. GasBuddy data is accessible at http://prices.GasBuddy.com.