Average retail gasoline prices in Modesto have risen 4.3 cents per gallon in the past week, averaging $2.62/gallon Sunday, according to GasBuddy’s daily survey of 201 gas outlets in Modesto. This compares with the national average that has increased 2.1 cents per gallon in the last week to $2.37/gallon, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Modesto during the past week, prices Sunday were 8.0 cents per gallon higher than the same day one year ago and are 18.7 cents per gallon higher than a month ago. The national average has increased 16.2 cents per gallon during the last month and stands 39.3 cents per gallon higher than this day one year ago.
Areas near Modesto and their current gas price climate are: Stockton - $2.65/gallon, up 4.5 cents per gallon from last week’s $2.61/gallon; Oakland - $2.79, up 4.0 cents per gallon from $2.75; and San Jose - $2.81, up 4.7 cents per gallon from last week’s $2.76.
“If there’s ever a time one could expect gasoline prices to flatline, this week should be one of them,” said Gregg Laskoski, senior petroleum analyst for GasBuddy. “Given the Department of Energy report last week of a huge build in gasoline inventory followed by the brutal 1-2 punch from Winter Storms Helena and Iras, that brings immediate and downward pressure on fuel prices. Between the two storms they’ve brought nearly a foot of rain, mudslides and rockslides to California and Nevada; snow, sleet and freezing rain in the Pacific northwest; snow and ice storms in the Plains and upper Midwest; and winter advisories in effect from the Deep South all the way to the Northeast where nearly a foot of snow brought travel to a crawl on the I-95 corridor from North Carolina to Portland, Maine.”
According to GasBuddy historical data, gasoline prices on Jan. 9 in Modesto have ranged widely over the last five years: $2.54/gallon in 2016, $2.45 in 2015, $3.54 in 2014, $3.47 in 2013 and $3.58/gallon in 2012.
GasBuddy is the technology company changing the way more than 60 million consumers find, purchase, and save money on gasoline. 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.