Average gasoline prices in Modesto have risen 0.6 cents per gallon in the last week, averaging $4.35/gallon as of Monday, Feb. 7, according to GasBuddy’s survey of 201 stations in Modesto. Prices in Modesto are 7.8 cents per gallon lower than a month ago and stand $1.15/gallon higher than a year ago.
According to GasBuddy price reports, the cheapest station in Modesto was priced at $3.93/gallon on Feb. 7 while the most expensive was $4.89, a difference of 96.0 cents per gallon. The lowest price in the state was $3.69 while the highest was $6.69, a difference of $3.00/gallon.
Neighboring areas and their current gas prices include: Stockton - $4.46, up 2.8 cents per gallon from last week’s $4.43; Oakland - $4.68, up 1.6 cents per gallon from $4.67; San Jose - $4.72/gallon, up 0.9 cents per gallon from last week’s $4.71/gallon.
The national average price of gasoline has risen 8.0 cents per gallon in the last week, averaging $3.42/gallon as of Feb. 7. The national average is up 12.3 cents per gallon from a month ago and stands 97.5 cents per gallon higher 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.
“Gas prices saw their sharpest rise in months last week as oil surged to $93 per barrel, on continued concerns over Russia invading Ukraine and that there won’t be enough supply to meet demand come this summer,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With the national average at its highest level since 2014, the news is grim: motorists should expect even more price increases, with the larger jumps coming later this spring as a confluence of seasonal factors and the potential flare up in geopolitical tensions. Ultimately, the national average could be pushed to record territory by the start of the summer driving season.”
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://prices.GasBuddy.com.