Lower Pump Prices Seen

Riverbank News - - NEWS -

Gaso­line prices in Modesto have fallen 1.7 cents per gal­lon in the past week, av­er­ag­ing $3.55/gal­lon Sun­day, ac­cord­ing to GasBuddy’s daily sur­vey of 201 sta­tions in Modesto. This com­pares with the na­tional av­er­age that has fallen 3.1 cents per gal­lon ver­sus last week to $2.91/gal­lon, ac­cord­ing to GasBuddy.

In­clud­ing the change lo­cally dur­ing the past week, prices Sun­day were 62.1 cents per gal­lon higher than a year ago and are 6.3 cents per gal­lon higher than a month ago. The na­tional av­er­age has in­creased 4.8 cents per gal­lon dur­ing the last month and stands 58.5 cents per gal­lon higher than a year ago.

Av­er­age gaso­line prices on June 11 in Modesto have ranged widely over the last five years: $2.93/gal­lon in 2017, $2.71 in 2016, $3.28 in 2015, $3.97 in 2014 and $3.82/gal­lon in 2013.

Ar­eas near Modesto and their cur­rent gas price cli­mate in­clude: Stock­ton - $3.60/gal­lon, down 4.0 cents per gal­lon from last week’s $3.64; Oak­land - $3.74, down 1.7 cents per gal­lon; San Jose - $3.75, down 0.9 cents from last week’s $3.76/gal­lon.

“As we’ve been ex­pect­ing for months, gas prices will likely de­cline in the month of June as sum­mer gaso­line in­ven­to­ries con­tinue to build and refiners con­tinue to crank out fu­els like gaso­line and diesel. A solid ma­jor­ity of states saw av­er­age gas prices de­cline last week, and I ex­pect we’ll hold that tra­jec­tory again this week,” said Pa­trick DeHaan, head of petroleum analysis for GasBuddy.

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 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.

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