Modesto gas prices have risen 5.9 cents per gallon in the past week, averaging $3.09/gallon as of Monday, Aug. 24, according to GasBuddy’s daily survey of 201 stations. Gas prices in Modesto are 10.9 cents per gallon higher than a month ago and stand 31.3 cents per gallon lower than a year ago.
According to GasBuddy price reports, the cheapest station in Modesto was priced at $2.61/gallon Monday while the most expensive was $3.59, a difference of 98.0 cents per gallon. The lowest price in the state Monday was $2.55/gallon while the highest was $4.11, a difference of $1.56/gallon.
The national average price of gasoline has risen 0.8 cents per gallon in the last week, averaging $2.18/gallon. The national average is down 0.5 cents per gallon from a month ago and stands 41.1 cents per gallon lower than a year ago.
Neighboring areas and their current gas prices include: Stockton - $3.12/gallon, up 1.5 cents per gallon from last week’s $3.11; Oakland - $3.31, up 3.1 cents from $3.28; and San Jose - $3.31, up 4.2 cents per gallon from last week’s $3.27/gallon.
“All eyes are on the Gulf of Mexico as two tropical systems impact a sensitive area for the oil industry, and they thankfully are unlikely to have a major impact on gas prices that for the eighth straight week have been mostly quiet,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “We should be able to weather both of these storms, barring a major increase in peak intensity. In addition, with gasoline demand still weak due to COVID-19, there’s ample capacity for refineries that are not in the path of the storms to raise output should the situation warrant it.”
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.