Hol­i­day May Up Pump Prices

The Oakdale Leader - - NEWS -

Gaso­line prices in Modesto have fallen 3.7 cents per gal­lon in the past week, av­er­ag­ing $3.52/gal­lon on June 25, ac­cord­ing to GasBuddy’s daily sur­vey of 201 sta­tions in Modesto. This com­pares with the na­tional av­er­age that has fallen 5.3 cents per gal­lon ver­sus last week to $2.83/ gal­lon, ac­cord­ing to GasBuddy.

Av­er­age gaso­line prices on June 25 in Modesto have ranged widely over the last five years: $2.84/gal­lon in 2017, $2.71 in 2016, $3.17 in 2015, $3.96 in 2014 and $3.88/gal­lon in 2013.

How­ever, prices may soon be on the rise.

“The threat of an es­ca­lat­ing trade war with China and oth­ers took a back seat to one of the most an­tic­i­pated OPEC meet­ings last week: OPEC agreed to in­crease oil pro­duc­tion by just 600,000 bar­rels a day, well short of ex­pec­ta­tions amidst a hot global and U.S. econ­omy,” said Pa­trick DeHaan, head of petroleum analysis at GasBuddy. “Crude oil prices re­sponded by sky­rock­et­ing over five per­cent Fri­day while refined prod­ucts, in­clud­ing gaso­line, rose two per­cent. The worry is the rally may con­tinue into this week as mo­torists pre­pare for the up­com­ing July 4 week­end.”

In­clud­ing the change lo­cally dur­ing the past week, prices Mon­day were 67.8 cents per gal­lon higher than a year ago and are 7.5 cents per gal­lon lower than a month ago. The na­tional av­er­age has dropped 14.1 cents per gal­lon dur­ing the last month and stands 58.1 cents per gal­lon higher than a year ago.

Ar­eas near Modesto and their cur­rent gas price cli­mate in­clude: Stock­ton - $3.57/gal­lon, down 4.4 cents per gal­lon from last week’s $3.62; Oak­land $3.72, down 2.1 cents from $3.74; and San Jose - $3.71, down 2.1 cents from last week’s $3.73/gal­lon.

For LIVE fuel price av­er­ages, visit http://FuelIn­sights.GasBuddy.com.

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 crowd­sourced 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 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. GasBuddy is avail­able on all mo­bile plat­forms. For more in­for­ma­tion, visit www.gasbuddy. com.

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