Pump Prices On Decline
Average retail gasoline prices in Modesto have fallen 1.7 cents per gallon in the past week, averaging $2.98/gallon Sunday, according to GasBuddy’s daily survey of 201 gas outlets in Modesto. This compares with the national average that has fallen 5.5 cents per gallon in the last week to $2.55/gallon, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Modesto during the past week, prices Sunday were 36.2 cents per gallon higher than the same day one year ago and are 15.5 cents per gallon higher than a month ago. The national average has increased 19.6 cents per gallon during the last month and stands 34.7 cents per gallon higher than this day one year ago.
According to GasBuddy historical data, gasoline prices on Sept. 25 in Modesto have ranged widely over the last five years: $2.62/gallon in 2016, $2.68 in 2015, $3.56 in 2014, $3.89 in 2013 and $4.05/gallon in 2012.
Areas near Modesto and their current gas price climate include: Stockton - $3.01/gallon, down 4.0 cents per gallon from last week’s $3.05; Oakland $3.17, down 2.4 cents per gallon from last week’s $3.19; and San Jose - $3.14, down 3.1 cents from last week’s $3.17/gallon.
“For the second straight week, almost every state saw average gasoline prices fall notably as refineries continue to heal after Harvey and work on restoring production of motor fuels,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. “While oil prices have gained momentum in the last few weeks, it will not be enough to stymie the continued decline at gas pumps, which will bring the national average down another 5 to 10 cents in the week ahead.”
For LIVE fuel price averages, visit http://FuelInsights.GasBuddy.com.
GasBuddy is the technology company changing the way more than 70 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 realtime, accurate fuel pricing information as well as reliable reviews of gas station amenities and services. The app and website have the most accurate and real-time 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.