Sum­mer’s End Sees Price Drop

Riverbank News - - THE RIVERBANK NEWS -

Ga­so­line prices in Modesto have fallen 1.9 cents per gal­lon in the past week, av­er­ag­ing $3.32/gal­lon Sun­day, ac­cord­ing to GasBuddy’s daily sur­vey of 201 sta­tions in Modesto. This com­pares with the na­tional av­er­age that is un­changed ver­sus last week at $2.83/gal­lon, ac­cord­ing to GasBuddy.

Av­er­age ga­so­line prices on Aug. 27 in Modesto have ranged widely over the last five years: $2.80/gal­lon in 2017, $2.51 in 2016, $3.01 in 2015, $3.74 in 2014 and $3.62/ gal­lon in 2013.

“Gas prices na­tion­ally saw lit­tle change in the last week as oil prices saw a mini-resur­gence back to $69 per bar­rel, sti­fling the broad re­lief we saw at pumps the week prior,” said Pa­trick DeHaan, head of pe­tro­leum anal­y­sis for GasBuddy. “With La­bor Day dead ahead, we may see a small rise in the na­tional av­er­age this week, de­pend- ing on oil’s move, but largely, this seems like the last week we’ll see el­e­vated prices as de­mand is set to drop with the con­clu­sion of La­bor Day week­end.”

In­clud­ing the change lo­cally dur­ing the past week, prices Sun­day were 52.7 cents per gal­lon higher than a year ago and are 7.4 cents per gal­lon lower than a month ago. The na­tional av­er­age has dropped 2.4 cents per gal­lon dur­ing the last month and stands 46.9 cents per gal­lon higher than a year ago.

Ar­eas near Modesto and their cur­rent gas price cli­mate in­clude: Stock­ton - $3.43/gal­lon, down 3.2 cents from last week’s $3.46; Oak­land - $3.64, down 0.4 cents per gal­lon from $3.64; and San Jose - $3.62/gal­lon, down 0.3 cents per gal­lon from last week’s $3.63/gal­lon.

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

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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