Average gasoline prices in Modesto have fallen 9.9 cents per gallon in the last week, averaging $3.87/gallon on Dec. 26, according to GasBuddy’s survey of 201 stations in Modesto. Prices in Modesto are 91.5 cents per gallon lower than a month ago and stand 55.1 cents per gallon lower than a year ago. The national average price of diesel has fallen 8.6 cents in the last week and stands at $4.68 per gallon.
According to GasBuddy price reports, the cheapest station in Modesto was priced at $3.55while the most expensive was $4.59, a difference of $1.04/gallon. The lowest price in the state over the Christmas holiday weekend was $3.18 while the highest was $7.48, a difference of $4.30/gallon.
The national average price of gasoline has fallen 4.9 cents per gallon in the last week, averaging $3.05/gallon. The national average is down 50.2 cents per gallon from a month ago and stands 20.3 cents 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.
Neighboring areas and their current gas prices include: Stockton - $3.81/gallon, down 14.1 cents from last week’s $3.95; Oakland - $4.24, down 3.8 cents from $4.28; and San Jose - $4.32/gallon, down 4.9 cents per gallon from last week’s $4.37/gallon.
“While the national average declined for the seventh straight week, with oil prices rallying, it remains to be seen if we will manage another week of gasoline price declines. We’re still waiting for the national average to fall below $3 per gallon, something that is suddenly a bit less likely given the extreme cold weather, interrupting refining operations in the south, curbing gasoline production and potentially driving prices up slightly,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While some of the nation’s lowest priced gas stations will probably be forced to raise prices slightly, with some declines still happening on the West Coast, there remains a chance, albeit smaller one, that we could still see the national average fall below $3 per gallon. With the New Year on the doorstep, however, the biggest question motorists have remains what will happen in 2023.”
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.