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Gas Prices Heading Toward $6 Per Gallon

Average gasoline prices in Modesto have risen 30.3 cents per gallon in the last week, averaging $5.67/gallon as of Monday, Oct. 2, according to GasBuddy’s survey of 201 stations in Modesto. Prices in Modesto are 61.2 cents per gallon higher than a month ago and stand 30.8 cents per gallon lower than a year ago. The national average price of diesel has fallen 0.7 cents in the last week and stands at $4.52 per gallon.

According to GasBuddy price reports, the cheapest station in Modesto was priced at $5.19/gallon while the most expensive was $6.27, a difference of $1.08/gallon. The lowest price in the state was $4.59/gallon while the highest was $7.49, a difference of $2.90/gallon.

The national average price of gasoline has fallen 3.5 cents per gallon in the last week, averaging $3.77/gallon on Oct. 2. The national average is down 2.8 cents per gallon from a month ago and stands one cent 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.

Over the past 10 years, the highest average price in Modesto was registered on Oct. 2, 2022 when it was at $5.97 per gallon. The lowest price was $2.60 per gallon, back on Oct. 2, 2016.

Nationwide, the highest price on Oct. 2 over the last 10 years was in 2022 when it was $3.78 and the lowest was $2.18 in in 2022.

Neighboring areas and their current gas prices include: Stockton - $5.69/gallon, up 34.0 cents per gallon from $5.35; Oakland - $5.89, up 33.2 cents per gallon from last week’s $5.56; and San Jose - $5.83, up 32.3 cents from $5.50/gallon.

“While this week saw average gasoline prices moving higher again in the West, most of the nation saw a noticeable decline in gasoline prices. However, with California allowing the transition to winter gasoline to begin immediately, easing supply concerns, we’re likely to see nearly the entire country see gasoline prices trend lower in the week ahead,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “You could say Christmas is coming early: California should quickly see prices fall back below $6, and once all refinery snags are addressed and maintenance complete, I would not be surprised to see prices even fall below $5 there later this year. Areas of Arizona, Las Vegas and Reno could fall back below $4 by the end of the year as well. While the trend is likely to be a strong one to the downside, small issues here and there could temporarily delay the onset of lower prices, but for now, motorists need not be in any rush: lower gas prices are on the way for every U.S. state in the weeks ahead.”

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.