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Spring Gas Prices Show Slight Rise

Spring Gas Prices Show Slight Rise


POSTED March 1, 2017 10:02 a.m.

Average retail gasoline prices in Modesto have risen 3.8 cents per gallon in the past week, averaging $2.69/gallon Sunday, according to GasBuddy’s daily survey of 201 gas outlets in Modesto. This compares with the national average that has increased 0.5 cents per gallon in the last week to $2.28/gallon, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Modesto during the past week, prices Sunday were 65.5 cents per gallon higher than the same day one year ago and are 8.9 cents per gallon higher than a month ago. The national average has increased 0.8 cents per gallon during the last month and stands 54.3 cents per gallon higher than this day one year ago.

According to GasBuddy historical data, gasoline prices on Feb. 27 in Modesto have ranged widely over the last five years: $2.04/gallon in 2016, $2.91 in 2015, $3.64 in 2014, $4.06 in 2013 and $4.16/gallon in 2012.

Areas near Modesto and their current gas price climate include: Stockton - $2.75/gallon, up 2.5 cents per gallon from last week’s $2.73; Oakland - $2.91, up 4.4 cents per gallon; and San Jose - $2.94, up 5.2 cents from last week’s $2.89/gallon.

“With refinery maintenance and turnarounds beginning across the country, we’ll likely see a draw down on winter gasoline stocks, leading the national average to rise in the week ahead,” said Patrick DeHaan, GasBuddy senior petroleum analyst.

 

GasBuddy is the technology company changing the way more than 60 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 60 million users with real-time, accurate fuel pricing information as well as reliable reviews of gas station amenities and services. For more information, visit www.gasbuddy.com.

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