Summer’s End Sees Price Drop
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.com.
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