Modesto gas prices have fallen 5.1 cents per gallon in the past week, averaging $4.54/gallon as of Monday, Dec. 6, according to GasBuddy’s daily survey of 201 stations in Modesto. Gas prices in Modesto are 1.8 cents per gallon lower than a month ago and stand $1.51/gallon higher than a year ago.
According to GasBuddy price reports, the cheapest station in Modesto was priced at $4.19 on Monday while the most expensive was $4.99, a difference of 80.0 cents per gallon. The lowest price in the state on Dec. 6 was $3.87/gallon while the highest was $5.95, a difference of $2.08/gallon.
The national average price of gasoline has fallen 5.3 cents per gallon in the last week, averaging $3.34/gallon. The national average is down 6.9 cents per gallon from a month ago and stands $1.19/gallon higher than a year ago.
Neighboring areas and their current gas prices include:
Stockton - $4.60/gallon, down 6.2 cents per gallon from last week’s $4.66; Oakland - $4.74, down 4.7 cents from $4.78; and San Jose - $4.76/gallon, down 4.2 cents from last week’s $4.80/gallon.
“The downturn in average gas prices continued to gain momentum last week as oil prices remained at a hefty discount. This is largely due to continued anxiety over the omicron variant and because some countries have begun issuing lockdowns, keeping motorists in some countries from consuming as much fuel,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “While the Great Lakes region, the fastest to see prices respond to market fluctuations, is seeing hefty monthly declines approaching 30 cents per gallon, much of the rest of the country is lagging behind. But, we will see precipitous declines in the next week or two as stations continue to sell through higher priced inventory before slowly lowering their prices. It’s not impossible given the conditions that price wars, where stations lower their price significantly, could emerge as stations now have considerable room to lower prices.”
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.