After a double-digit gas price hike last week, more of the same is being seen locally by area motorists. Average gasoline prices in Modesto have risen 14.7 cents per gallon in the last week, averaging $3.99 per gallon as of Monday, Feb. 2, according to GasBuddy’s survey of 201 stations in Modesto.
Prices in Modesto are 12.3 cents per gallon higher than a month ago and stand 13.8 cents per gallon lower than a year ago. The national average price of diesel has decreased 4.2 cents compared to a week ago and stands at $3.58 per gallon.
According to GasBuddy price reports, the cheapest station in Modesto was priced at $3.65/gallon while the most expensive was $4.55, a difference of 90 cents per gallon. The lowest price in the state was $2.69 while the highest was $8.19, a difference of $5.50/gallon.
The national average price of gasoline has fallen 0.9 cents per gallon in the last week, averaging $2.83/gallon on Feb. 2. The national average is up 3.9 cents per gallon from a month ago and stands 21.3 cents per gallon lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.
Neighboring areas and their current gas prices include: Stockton - $3.97, up 16.5 cents per gallon from last week’s $3.81; Oakland - $4.33, up 16.1 cents from $4.17; and San Jose - $4.28, up 19.8 cents per gallon from last week’s $4.08/gallon.
“While oil prices jumped to their highest level in months amid geopolitical tensions, a weakening U.S. dollar, and supply concerns, the national average price of gasoline saw little change compared to a week ago,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Just over half of states saw gas prices decline, led by Indiana, Ohio, and other price-cycling states that had previously seen prices jump but have since started to fall. Meanwhile, prices are rising across much of the West Coast as the transition to summer gasoline begins and attention turns to another refinery shutdown in California expected in April. Over the coming weeks, we’re likely to see more states experiencing increases than decreases.”
Historical gasoline prices in Modesto and the national average going back five years show the highest local Feb. 2 price was $4.40 per gallon in 2022 and the lowest was $3.21 in 2021. The U.S. average was highest on Feb. 2, 2023 with a price of $3.46 per gallon and the lowest was $2.42 per gallon in 2021.
GasBuddy, a PDI Technologies company, is North America’s trusted fuel savings platform, helping consumers fuel up for less for over 25 years. With over 100 million app downloads, GasBuddy delivers real-time prices at 150,000+ stations and is the most authoritative source of station-level fuel pricing data, updating averages 288 times daily from the broadest mix of inputs including spotter reports, direct station integrations, and transactional data.