Modesto gas prices have risen 3.5 cents per gallon in the past week, averaging $4.31/gallon as of Monday, Aug. 16, according to GasBuddy’s daily survey of 201 stations in Modesto. Gas prices in Modesto are 11.1 cents per gallon higher than a month ago and stand $1.36/gallon higher than a year ago.
According to GasBuddy price reports, the cheapest station in Modesto was priced at $3.99/gallon Monday while the most expensive was $4.79/gallon, a difference of 80.0 cents per gallon. The lowest price in the state Monday was $3.79/gallon while the highest was $5.99, a difference of $2.20/gallon.
The national average price of gasoline has fallen 0.5 cents per gallon in the last week, averaging $3.17/gallon. The national average is unchanged from a month ago and stands $1.01/gallon higher than a year ago.
Historical gasoline prices in Modesto and the national average going back 10 years are: August 16, 2020: $2.96/g (U.S. Average: $2.16/g) August 16, 2019: $3.42/g (U.S. Average: $2.62/g) August 16, 2018: $3.36/g (U.S. Average: $2.85/g) August 16, 2017: $2.82/g (U.S. Average: $2.34/g) August 16, 2016: $2.43/g (U.S. Average: $2.13/g) August 16, 2015: $3.17/g (U.S. Average: $2.68/g) August 16, 2014: $3.78/g (U.S. Average: $3.46/g) August 16, 2013: $3.70/g (U.S. Average: $3.53/g) August 16, 2012: $4.05/g (U.S. Average: $3.71/g) August 16, 2011: $3.66/g (U.S. Average: $3.58/g).
“As the number of COVID cases continues to surge globally, oil prices continue to be under pressure due to some countries instituting travel and movement limitations. This limits oil demand, which has led to the increase in gas prices slowing, and many states seeing slight drops compared to prices a week ago,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “In addition, the tropics are heating up, which could be a source of upward pressure on gas prices should we see a major hurricane target the Gulf Coast. However, without such a storm, gas prices may see some stability over the coming week or two, before slowly decreasing as the summer driving season wraps up.”
Neighboring areas and their current gas prices: Stockton - $4.25/gallon, down 5.3 cents per gallon from last week’s $4.31/gallon; Oakland - $4.47, up 2.0 cents per gallon from $4.45; San Jose - $4.47/gallon, up 0.3 cents per gallon from last week’s $4.47/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.