Motorists Enjoy Price Drop
Gasoline prices in Modesto have fallen 6.5 cents per gallon in the past week, averaging $3.45/gallon Sunday, according to GasBuddy’s daily survey of 201 stations in Modesto. This compares with the national average that has increased 1.3 cents per gallon versus last week to $2.87/ gallon, according to GasBuddy.
Average gasoline prices on July 16 in Modesto have ranged widely over the last five years: $2.78/gallon in 2017, $2.65 in 2016, $3.34 in 2015, $3.96 in 2014 and $3.85/gallon in 2013.
Including the change locally during the past week, prices Sunday were 67.1 cents per gallon higher than a year ago and are 10.2 cents per gallon lower than a month ago. The national average has dropped 2.4 cents per gallon during the last month and stands 63.3 cents per gallon higher than a year ago.
“While just over half of the nation’s states saw average prices moving lower, the other half saw prices fall. A very mixed week as oil prices collapsed Wednesday, opening the door for a round of lateweek price drops, but motorists shouldn’t be fooled – it may not last long,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “Two things are for sure in one’s lifespan: death and taxes, but you can add uncertainty at the pump, especially this summer.”
Areas near Modesto and their current gas price climate include: Stockton - $3.55/gallon, up 0.6 cents per gallon from last week’s $3.55; Oakland - $3.70, down 0.6 cents per gallon; and San Jose - $3.69, down one cent from last week’s $3.70/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.