Average gasoline prices in Modesto have fallen 3.2 cents per gallon in the last week, averaging $4.56/gallon on July 3, according to GasBuddy’s survey of 201 stations in Modesto. Prices in Modesto are 6.1 cents per gallon higher than a month ago and stand 145.1 cents per gallon lower than a year ago. The national average price of diesel has fallen 3.4 cents in the last week and stands at $3.80 per gallon.
According to GasBuddy price reports, the cheapest station in Modesto was priced at $4.17/gallon while the most expensive was $5.17, a difference of one dollar per gallon. The lowest price in the state was $3.89 while the highest was $6.87, a difference of $2.98/gallon.
The national average price of gasoline has fallen 4.1 cents per gallon in the last week, averaging $3.50/gallon as of July 3. The national average is down 1.9 cents per gallon from a month ago and stands 129.3 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.
Historical gasoline prices in Modesto and the national average going back 10 years show the highest price recorded on July 3, 2022 in Modesto, coming in at $6.01 per gallon while the U.S. average on that date was $4.79/gallon. The lowest price recorded in the last 10 years was on July 3, 2016 in Modesto when the price was $2.69 per gallon; the lowest U.S. average price was recorded on July 3, 2020 when the average cost was $2.17/gallon.
Neighboring areas and their current gas prices include: Stockton - $4.53/gallon, down 1 cent from last week’s $4.54; Oakland - $4.75, down 2.0 cents per gallon from $4.77; and San Jose - $4.71/gallon, down 3.2 cents per gallon from last week’s $4.75/gallon.
“The national average has fallen to its lowest level since late April, with oil prices remaining under considerable pressure due to a cloudy outlook for the global economy. We could see gasoline prices under some additional pressure soon, especially as we head into the closing innings of summer next month,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “For now, gasoline demand will likely ramp up as we enter the peak of the summer, with millions of Americans set to take to the roads with some of the season’s lowest average gasoline prices. At the half point of the year, the national average is right at level we anticipated for a full year average. While that’s good news, I believe we may see prices close out the second half of the year below our expectations, which would be welcome news for motorists, and the possibility exists that the national average this fall could fall under $3 per gallon.”
GasBuddy is the authoritative voice for gas prices and the only source for station-level data. 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.
