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Up and down swings still seen at gas pumps
gas

Average gasoline prices in Modesto have fallen 14.4 cents per gallon in the last week, averaging $4.26/gallon as of Jan. 15, according to GasBuddy’s survey of 201 stations in Modesto. Prices in Modesto are 3.3 cents per gallon higher than a month ago and stand 21.8 cents per gallon higher than a year ago. The national average price of diesel has fallen 2.0 cents in the last week and stands at $3.89 per gallon.

According to GasBuddy price reports, the cheapest station in Modesto was priced at $3.85/gallon while the most expensive was $4.99, a difference of $1.14/gallon. The lowest price in the state was $3.38 while the highest was $6.49, a difference of $3.11/gallon.

The national average price of gasoline has risen 0.6 cents per gallon in the last week, averaging $3.04/gallon on Jan. 15. The national average is down 1.4 cents per gallon from a month ago and stands 23.9 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.

Historical gasoline prices in Modesto and the national average going back 10 years show the highest price in Modesto was $4.43 per gallon on Jan. 15, 2022 and the national high was $3.30, also in 2022. The lowest Modesto price was $2.38 per gallon on Jan. 15, 2015 while the lowest national price was $1.92 per gallon on Jan. 15, 2016.

Neighboring areas and their current gas prices include: Stockton - $4.26/gallon, down 13.0 cents per gallon from $4.39; Oakland - $4.55, down 10.1 cents from $4.65; and San Jose - $4.51, down 16.2 cents per gallon from last week’s $4.67/gallon.

“Last week was a bit of a mixed bag for gasoline prices, with prices increasing early on but falling again in recent days as the situation in the Red Sea continues to drive market volatility,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Gasoline inventories also saw another large rise, putting some downward pressure on gas prices, and leaving an opportunity for the national average to potentially briefly fall below $3 per gallon. We’ll have to see if the stars finally align for such a move.”

GasBuddy is the authoritative voice for gas prices and the only source for station-level data. 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.