Average retail gasoline prices in Modesto have not moved in the past week, averaging $3.01/gallon Sunday, according to GasBuddy’s daily survey of 201 gas outlets in Modesto. This compares with the national average that has fallen 4.7 cents per gallon in the last week to $2.60/gallon, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Modesto during the past week, prices Sunday were 39.9 cents per gallon higher than the same day one year ago and are 21.9 cents per gallon higher than a month ago. The national average has increased 27.9 cents per gallon during the last month and stands 40.4 cents per gallon higher than this day one year ago.
“As we welcome back winter gasoline across most of the country, gasoline production has continued to recover after Harvey, leading much of the country to enjoy falling gasoline prices along with fall weather,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. “With refineries continuing to get back online and with demand cooling off from the summer months, we have more room to see the national average drop in the week ahead.”
According to GasBuddy historical data, gasoline prices on Sept. 18 in Modesto have ranged widely over the last five years: $2.61/gallon in 2016, $2.74 in 2015, $3.60 in 2014, $3.94 in 2013 and $4.06/gallon in 2012.
Areas near Modesto and their current gas price climate include: Stockton - $3.03/gallon, down 3.5 cents per gallon from last week’s $3.06; Oakland - $3.19, down 0.4 cents per gallon from $3.20; San Jose - $3.16, down 2.3 cents per gallon from last week’s $3.19.
“This week could see some of the largest drops in gas prices in many months. It still will take time to completely heal from the issues Harvey and Irma left, particularly due to the large scale disruptions of fuel logistics and production, but improvement will continue both with lower retail prices and high refinery output,” added DeHaan.
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.