Modesto gas prices have risen 0.9 cents per gallon in the past week, averaging $4.40/gallon on Monday, Oct. 25, according to GasBuddy’s daily survey of 201 stations in Modesto. Gas prices in Modesto are 15.9 cents per gallon higher than a month ago and stand $1.38/gallon higher than a year ago.
According to GasBuddy price reports, the cheapest station in Modesto was priced at $3.99/gallon Monday while the most expensive was $4.89, a difference of 90 cents per gallon. The lowest price in the state on Oct. 25 was $3.67 while the highest was $7.59/gallon, a difference of $3.92/gallon.
The national average price of gasoline has risen 3.8 cents per gallon in the last week, averaging $3.36/gallon. The national average is up 17.1 cents per gallon from a month ago and stands $1.21/gallon higher than a year ago.
Neighboring areas and their current gas prices include: Stockton - $4.43/gallon, up 0.9 cents per gallon from last week’s $4.42; Oakland - $4.60, up 2.5 cents from last week’s $4.57; and San Jose - $4.60, up 2.0 cents per gallon from last week’s $4.58/gallon.
“Gas prices continued to soar in a majority of the nation over the last week as oil’s meteoric rise pulls gasoline and other refined product prices higher. But, there may be some light at the end of the tunnel,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “The sharp rise we’ve seen over the last three weeks should begin slowing down soon, barring another jump in the price of oil. This is because gasoline prices have now largely caught up to the jump in oil that started nearly a month ago. This isn’t an all clear for the future, however, as oil prices could rise again at any time. But for now, oil has held around $83 per barrel, and without a further climb, gas price increases should slow down soon in the bulk of the nation.”
GasBuddy is the authoritative voice for gas prices and the only source for station-level data spanning nearly two decades. 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. GasBuddy data is accessible at http://FuelInsights.GasBuddy.com.