Modesto gas prices have fallen 5.5 cents per gallon in the past week, averaging $3.03/gallon on Monday, Sept. 28, according to GasBuddy’s daily survey of 201 stations. Gas prices in Modesto are 7.2 cents per gallon lower than a month ago and stand 63.0 cents per gallon lower than a year ago.
According to GasBuddy price reports, the cheapest station in Modesto was priced at $2.69/gallon Monday while the most expensive was $3.59, a difference of 90 cents per gallon. The lowest price in the state was $2.39/gallon as of Sept. 28 while the highest was $4.17, a difference of $1.78/gallon.
The national average price of gasoline has fallen 0.9 cents per gallon in the last week, averaging $2.17/gallon. The national average is down 6.4 cents per gallon from a month ago and stands 47.4 cents per gallon lower than a year ago.
Historical gasoline prices in Modesto and the national average going back 10 years show the highest price coming in at $4.04 per gallon in late September, 2012 for Modesto while the national average at that time was $3.78. Lowest price recorded in Modesto in the last 10 years for the Sept. 28 date was $2.63 per gallon in 2016 while the lowest U.S. average price for Sept. 28 in the last 10 years came in 2016 as well, when it was $2.21 per gallon.
Neighboring areas and their current gas prices include: Stockton - $3.09/gallon, down 6.2 cents from last week’s $3.15; Oakland - $3.27, down 5.8 cents per gallon from $3.33; and San Jose - $3.29, down 0.4 cents per gallon from last week’s $3.29/gallon.
“Higher oil prices caused most states to see gas prices inch higher, with the national average rising ever so slightly in the last week, breaking its three week streak of declines. However, the rise is likely temporary as oil prices that had pushed higher gave up their gains last week and closed near the low-side of the range they’ve been in for quite some time,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “According to Pay with GasBuddy data, gasoline demand declined again last week, falling nearly 1 percent from the prior week, largely in line with expectations as we head into the first full week of fall. While the Atlantic is finally silent- likely temporary- really the only upside we could see over the coming months would be borne out of hurricane season, or if a COVID-19 vaccine proves successful in pushing demand back closer to normal.”
GasBuddy is the authoritative voice for gas prices and the only source for station-level data spanning nearly two decades. GasBuddy’s survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country. GasBuddy data is accessible at http://FuelInsights.GasBuddy.com.