Average retail gasoline prices in Modesto have fallen 1.4 cents per gallon in the past week, averaging $2.59/gallon Sunday, according to GasBuddy’s daily survey of 201 gas outlets in Modesto. This compares with the national average that has fallen 5.0 cents per gallon in the last week to $2.16/gallon, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Modesto during the past week, prices Sunday were 41.1 cents per gallon lower than the same day one year ago and are 1.4 cents per gallon lower than a month ago. The national average has decreased 11.4 cents per gallon during the last month and stands 72.1 cents per gallon lower than this day one year ago.
“Terrorism and other geopolitical events always have the potential to bring havoc to Wall Street but early signs suggest that financial market reactions are subdued,” said Gregg Laskoski, GasBuddy’s senior petroleum analyst for the Northeast. “That means Friday’s events are not likely to be what drives the direction of crude oil and market fundamentals can be expected to push retail gasoline prices lower in the U.S. We’re already seeing that as the national average today is six cents lower from a week ago and wholesale prices are also significantly lower.”
For a complete listing of current averages and other fuel price data, visit http://media.gasbuddy.com. For fuel news and alerts, follow @GasBuddyNews on Twitter.
Founded in 2000, GasBuddy.com developed as an initiative to provide consumers access to local, current gas prices.