Modesto gas prices have fallen 4.9 cents per gallon in the past week, averaging $3.25/gallon on Monday, Dec. 30, according to GasBuddy’s daily survey of 201 stations. Gas prices in Modesto are 35.7 cents per gallon lower than a month ago and stand 12.6 cents per gallon higher than a year ago.
According to GasBuddy price reports, the cheapest station in Modesto was priced at $2.89 Monday while the most expensive was $4.19, a difference of $1.30/gallon. The lowest price in the state on Dec. 30 was $2.74 while the highest was $5.19, a difference of $2.45/gallon. The cheapest price in the entire country today was at $1.88/gallon on Dec. 30 while the most expensive was $5.19, a difference of $3.31/gallon.
The national average price of gasoline has risen 1.6 cents per gallon in the last week, averaging $2.57/gallon on Dec. 30. The national average is down 2.0 cents per gallon from a month ago and stands 32.3 cents per gallon higher than a year ago.
Neighboring areas and their current gas prices include: Stockton - $3.32, down 7.4 cents per gallon from last week’s $3.39; Oakland $3.57, down 3.8 cents from 3.60/gallon; San Jose - $3.52, down 1.5 cents per gallon from last week’s $3.53/gallon.
“The streak has been broken: for seven straight weeks we saw the national average drop, but the fun has come to an end as oil prices continue to show strength boosting the national average this past week,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “Prices jumped thanks to a notable, yet anticipated drop in oil inventories, sending oil to multi-month highs above $61 and gasoline prices following. However, weakness will likely return to gasoline prices in January and February as demand weakens, so perhaps all is not lost.”
DeHaan also offered up some interesting figures from this decade: the U.S. consumed 1.25 trillion gallons of gasoline, which is enough volume to raise Lake Superior’s level 2.3 inches, having spent $3.625 trillion on gasoline alone, and driving 31.25 trillion miles, enough for 5,208 round trips to Pluto on the consumed gasoline.
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.