Gasoline prices in Modesto have risen 4.4 cents per gallon in the past week, averaging $3.50/gallon Sunday, according to GasBuddy’s daily survey of 201 stations in Modesto. This compares with the national average that has increased 1.5 cents per gallon versus last week to $2.87/gallon, according to GasBuddy.
Including the change locally during the past week, prices Sunday were 58.9 cents per gallon higher than a year ago and are 11.0 cents per gallon higher than a month ago. The national average has increased 3.5 cents per gallon during the last month and stands 33.4 cents per gallon higher than a year ago.
Average gasoline prices on Oct. 1 in Modesto have ranged widely over the last five years: $2.91/gallon in 2017, $2.62 in 2016, $2.64 in 2015, $3.53 in 2014 and $3.80/gallon in 2013.
Areas near Modesto and their current gas price climate include: Stockton - $3.56/gallon, up 4.5 cents per gallon from last week’s $3.51; Oakland - $3.73, up 3.1 cents per gallon from $3.70; and San Jose - $3.73, up 6.5 cents from last week’s $3.66/gallon.
“Looking ahead, the squeeze in global supplies will almost certainly put gasoline prices under pressure and provide a strong basis for further increases at the pumps at a time when drivers are accustomed to seeing prices soften,” said Patrick DeHaan, senior petroleum analyst for GasBuddy.com. “Short of producing countries suddenly finding a million spare barrels of oil over the month of October, drivers should brace for even higher prices over the next several weeks.”
For LIVE fuel price averages, visit http://FuelInsights.GasBuddy.com.
GasBuddy is the technology company changing the way more than 75 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.