The price at the Modesto area gas pumps have fallen 1.5 cents per gallon in the past week, averaging $3.05/gallon on Aug. 31, according to GasBuddy’s daily survey of 201 stations. Gas prices in Modesto are 1.7 cents per gallon higher than a month ago and stand 33.7 cents per gallon lower than a year ago.
According to GasBuddy price reports, the cheapest station in Modesto was priced at $2.61/gallon Monday while the most expensive was $3.49, a difference of 88.0 cents per gallon. The lowest price in the state was $2.55 on Aug. 31 while the highest was $4.39, a difference of $1.84/gallon.
The national average price of gasoline has risen 3.5 cents per gallon in the last week, averaging $2.22/gallon. The national average is up 4.0 cents per gallon from a month ago and stands 34.4 cents per gallon lower than a year ago.
“Gas prices have reached their highest post-coronavirus level as Hurricane Laura caused Gulf Coast refineries to shut, limiting production as gasoline demand edged higher,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “The rebound in demand comes with just a week left in the summer driving season and isn’t expected to continue once the driving season wraps up, but while some may see prices tick higher over the next few days, more decreases are coming to gas prices once Labor Day is over as demand will likely move lower. In addition, the switch back to cheaper winter gasoline will happen in a few weeks, giving more potential downward momentum for prices.”
Neighboring areas and their current gas prices include: Stockton - $3.05/gallon, down 10.2 cents per gallon from last week’s $3.15; Oakland - $3.31, down 2.6 cents from $3.34/gallon; and San Jose - $3.31, unchanged from last week’s $3.31/gallon.
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.