Modesto gas prices have fallen 1.7 cents per gallon in the past week, averaging $3.46/gallon as of Monday, Aug. 12, according to GasBuddy’s daily survey of 201 stations. Gas prices in Modesto are 14.6 cents per gallon lower than a month ago, yet stand 7.0 cents per gallon higher than a year ago.
According to GasBuddy price reports, the cheapest station in Modesto was priced at $3.17/gallon Monday while the most expensive was $4.09, a difference of 92 cents per gallon. The lowest price in the state on Aug. 12 was $2.85 while the highest was $5.49, a difference of $2.64/gallon. The cheapest price in the entire country today came in at $1.82/gallon while the most expensive was $5.49, a difference of $3.67/gallon.
The national average price of gasoline has fallen 6.8 cents per gallon in the last week, averaging $2.63/gallon. The national average is down 15.9 cents per gallon from a month ago, and stands 21.7 cents per gallon lower than a year ago.
Going back over the last 10 years, the highest price in California on Aug. 12 was in 2012, with a cost of $3.98 when the national average was $3.70 per gallon and the lowest in the last 10 years was on Aug. 12, 2016 when California was at an average of $2.41 per gallon and the national average was $2.12 per gallon.
Neighboring areas and their current gas prices include: Stockton - $3.41/gallon, down 2.7 cents per gallon from last week’s $3.44; Oakland - $3.66, down 5.9 cents from $3.72; and San Jose - $3.58/gallon, down 4.3 cents from last week’s $3.62/gallon.
“The national average price of gasoline has now fallen to the lowest level of the summer, but even better, the lowest since March as gas stations pass along the recent drop in oil prices brought on by the U.S./China trade rift,” said Patrick DeHaan, head of petroleum analysis at GasBuddy. “However, the drops in gas prices could slow in the weeks ahead as some OPEC members talk about cutting oil production to stem the recent drop in oil prices.”
For LIVE fuel price averages, visit http://FuelInsights.GasBuddy.com.
