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Pump Prices Dip Slightly
Gas prices

Local motorists are happy to see a continued drop – although small – in gas prices around the region.

Gasoline prices in Modesto have fallen 4.2 cents per gallon in the past week, averaging $3.39/gallon Sunday, according to GasBuddy’s daily survey of 201 stations in Modesto. This compares with the national average that has fallen 1.1 cents per gallon versus last week to $2.85/gallon, according to GasBuddy.

Average gasoline prices on Aug. 13 in Modesto have ranged widely over the last five years: $2.81/gallon in 2017, $2.42 in 2016, $3.18 in 2015, $3.79 in 2014 and $3.72/gallon in 2013.

Including the change locally during the past week, prices on Aug. 12 were 58.0 cents per gallon higher than a year ago and are 10.0 cents per gallon lower than a month ago. The national average has dropped 3.6 cents per gallon during the last month and stands 50.3 cents per gallon higher than a year ago. Areas near Modesto and their current gas price climate include: Stockton - $3.46/gallon, down 3.8 cents per gallon from last week’s $3.50; Oakland - $3.64, down 2.6 cents per gallon from last week’s $3.67; and San Jose - $3.62, down 3.6 cents per gallon from last week's $3.65/g.

“Yet again, average gas prices have remained fairly quiet. This summer has been remarkably mum at pumps with most states seeing prices move in an uncharacteristically small summer range of 10 to 20 cents per gallon or less,” said Patrick DeHaan, head of petroleum analysis for GasBuddy.

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