As summer winds down, area motorists are still seeing some relief at the gas pumps.
Average gasoline prices in Modesto have fallen 10.1 cents per gallon in the last week, averaging $4.23/gallon as of Aug. 12, according to GasBuddy’s survey of 201 stations in Modesto. Prices in Modesto are 27.2 cents per gallon lower than a month ago and stand 66.5 cents per gallon lower than a year ago. The national average price of diesel has declined 3.4 cents in the last week and stands at $3.72 per gallon, the lowest level since January, 2022, over 900 days ago.
According to GasBuddy price reports, the cheapest station in Modesto was priced at $3.56/gallon while the most expensive was $4.99, a difference of $1.43/gallon. The lowest price in the state on Aug. 12 was $3.51/gallon while the highest was $6.79, a difference of $3.28/gallon.
The national average price of gasoline has fallen 3.2 cents per gallon in the last week, averaging $3.41/gallon. The national average is down 11.6 cents per gallon from a month ago and stands 42.5 cents per gallon lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.
Neighboring areas and their current gas prices include: Stockton - $4.28/gallon, down 7.3 cents from last week’s $4.35; Oakland - $4.59, down 2.9 cents from $4.62; and San Jose - $4.52, down 2.6 cents per gallon from $4.55/gallon.
“As summer driving season comes to a gradual close, we continue to see gasoline prices declining in most of the country as demand remains muted,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “As long as we can avoid a major hurricane threatening refineries in the Gulf region, I believe we could see declines continue into this week, with the national average potentially dipping to its lowest level of the summer. While some states may also see gas prices rise to routine price cycling, primarily in the Great Lakes and Florida, prices across the board remain lower in every state compared to a year ago.”
GasBuddy’s survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country.
