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Continued Small Declines Welcomed By Motorists
gas pumps

Average gasoline prices in Modesto have fallen 10.4 cents per gallon in the last week, averaging $5.91/gallon on Monday, July 11, according to GasBuddy’s survey of 201 stations in Modesto. Prices in Modesto are 36.4 cents per gallon lower than a month ago and stand $1.78/gallon higher than a year ago. The national average price of diesel has declined 8.5 cents in the last week and stands at $5.65 per gallon.

According to GasBuddy price reports, the cheapest station in Modesto was priced at $5.49/gallon while the most expensive was $6.79, a difference of $1.30/gallon. The lowest price in the state Sunday was $4.89 while the highest was $7.80, a difference of $2.91/gallon.

The national average price of gasoline has fallen 12.8 cents per gallon in the last week, averaging $4.66/gallon as of July 11. The national average is down 34.4 cents per gallon from a month ago and stands $1.54/gallon higher 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 - $5.96/gallon, down 10.8 cents from last week’s $6.07; Oakland - $6.14, down 17.3 cents per gallon from $6.31; and San Jose - $6.06, down 16.1 cents per gallon from last week’s $6.22/gallon.

“The national average has declined for 27 days straight, or four weeks, the longest decline in average gas prices since the pandemic started in 2020. Average gas prices are down nearly 40 cents, with Americans shelling out $140 million less on gasoline every day than they did a month ago,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “We may see the trend last a fifth week, as long as oil prices remain cooperative and don’t surge beyond $105 per barrel, and as long as refinery production of gasoline remains strong. But we’re not completely out of the woods yet – we could also see a sharp reversal in the decline. There remains risk of a spike in prices that could send us to new record levels in August, should any disruptions occur. It could be a wild ride, but for now, the plummet at the pump shall continue.”

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://prices.GasBuddy.com.