Sum­mer’s End Sees Hike In Gas Prices

Escalon Times - - SPORTS -

Gaso­line prices in Modesto have risen 2.8 cents per gal­lon in the past week, av­er­ag­ing $3.37/gal­lon Mon­day, ac­cord­ing to GasBuddy’s daily sur­vey of 201 sta­tions in Modesto. This com­pares with the na­tional av­er­age that has fallen 1.4 cents per gal­lon ver­sus last week to $2.82/ gal­lon, ac­cord­ing to GasBuddy.

Av­er­age gaso­line prices on Sept. 4 in Modesto have ranged widely over the last five years: $2.96/ gal­lon in 2017, $2.50 in 2016, $2.91 in 2015, $3.70 in 2014 and $3.67/gal­lon in 2013.

In­clud­ing the change lo­cally dur­ing the past week, prices Mon­day were 41.0 cents per gal­lon higher than a year ago and are 4.1 cents per gal­lon lower than a month ago. The na­tional av­er­age has dropped 4.4 cents per gal­lon dur­ing the last month and stands 18.3 cents per gal­lon higher than a year ago.

Ar­eas near Modesto and their cur­rent gas price cli­mate in­clude: Stock­ton $3.44/gal­lon, un­changed from last week’s $3.44/ gal­lon; Oak­land - $3.65, up 1 cent from $3.64/ gal­lon; San Jose - $3.63, down 1.3 cents per gal­lon from last week’s $3.64.

“We’ve closed the door on the most ex­pen­sive sum­mer at the pump since 2014, fin­ish­ing the pe­riod from Me­mo­rial Day to La­bor Day with an av­er­age of $2.87 per gal­lon, a full 55 cents higher than last sum­mer, but still 71 cents per gal­lon cheaper than 2014,” said Pa­trick DeHaan, head of petroleum anal­y­sis for GasBuddy.

“Much of the blame for the sum­mer’s higher gas prices can be blamed on OPEC’s long-term de­ci­sion to cut oil pro­duc­tion to bet­ter bal­ance sup­ply and de­mand, push­ing prices higher.”

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 re­al­time 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.

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