Average retail gasoline prices in Modesto have fallen 5.7 cents per gallon in the past week, averaging $2.91/gallon Sunday, according to GasBuddy’s daily survey of 201 gas outlets in Modesto. This compares with the national average that has fallen 4.4 cents per gallon in the last week to $2.28/gallon, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Modesto during the past week, prices Sunday were 17.9 cents per gallon higher than the same day one year ago and are 2.5 cents per gallon lower than a month ago. The national average has decreased 7.1 cents per gallon during the last month and stands 5.8 cents per gallon lower than this day one year ago.
According to GasBuddy historical data, gasoline prices on June 19 in Modesto have ranged widely over the last five years: $2.73/gallon in 2016, $3.20 in 2015, $3.95 in 2014, $3.82 in 2013 and $3.93/gallon in 2012.
Areas near Modesto and their current gas price climate include: Stockton - $2.90/gallon, down 9.3 cents per gallon from last week’s $3.00/gallon; Oakland - $3.06, down 5.5 cents per gallon; and San Jose - $3.06, down 5.9 cents from last week’s $3.12/gallon.
“Another week, another nearly country-wide decline in average gasoline prices as crude oil prices struggle near the lowest levels of the year,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. “Motorists shouldn’t expect too much more of the nice price declines we’ve seen in the last couple of weeks as hurricane season comes in to view, but we could see another week with a majority of states seeing prices move lower again, thanks to gasoline inventories that remain quite healthy.”
GasBuddy is the technology company changing the way more than 60 million consumers find, purchase, and save money on gasoline. GasBuddy is available on all mobile platforms. For more information, visit www.gasbuddy.com.