Average retail gasoline prices in Modesto have fallen 3.4 cents per gallon in the past week, averaging $2.99/gallon Sunday, according to GasBuddy’s daily survey of 201 gas outlets in Modesto. This compares with the national average that has fallen 3.9 cents per gallon in the last week to $2.49/gallon, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Modesto during the past week, prices Sunday were 56.9 cents per gallon higher than the same day one year ago and are 18.0 cents per gallon higher than a month ago. The national average has increased 3.4 cents per gallon during the last month and stands 37.9 cents per gallon higher than this day one year ago.
According to GasBuddy historical data, gasoline prices on Nov. 27 in Modesto have ranged widely over the last five years: $2.42/gallon in 2016, $2.50 in 2015, $2.88 in 2014, $3.39 in 2013 and $3.53/gallon in 2012.
Areas near Modesto and their current gas price climate include: Stockton - $3.04/gallon, down 3.9 cents per gallon from last week’s $3.07; Oakland - $3.20, down 1.1 cents from last week’s $3.21; and San Jose - $3.17, down 2.2 cents from last week’s $3.19/gallon.
“With Thanksgiving travel now behind us, all eyes turn to OPEC and their meeting this week to determine the fate of the cartel’s oil production,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “Gasoline prices took a breather heading into Thanksgiving which may last another few days, but as oil prices perk back up heading into OPEC’s annual meeting, we may see a rebound soon.”
For LIVE fuel price averages, visit http://FuelInsights.GasBuddy.com.
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.