Pump Prices Around Region Top $5 Mark

Aug 20, 2023

Average gasoline prices in Modesto have risen 5.5 cents per gallon in the last week, averaging $5.02/gallon as of Monday, Aug. 28, according to GasBuddy’s survey of 201 stations in Modesto. Prices in Modesto are 32.6 cents per gallon higher than a month ago and stand 3.0 cents per gallon lower than a year ago. The national average price of diesel has risen 3.3 cents in the last week and stands at $4.33 per gallon.

According to GasBuddy price reports, the cheapest station in Modesto was priced at $4.69/gallon while the most expensive was $5.59, a difference of 90.0 cents per gallon. The lowest price in the state was $4.39 while the highest was $6.89, a difference of $2.50/gallon.

The national average price of gasoline has fallen 4.0 cents per gallon in the last week, averaging $3.78/gallon as of Aug. 24. The national average is up 5.8 cents per gallon from a month ago and stands 3.5 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 - $4.95/gallon, down 3.5 cents per gallon from last week’s $4.99; Oakland - $5.20, up 4.1 cents per gallon from $5.16; and San Jose - $5.19, up 3.3 cents per gallon from last week’s $5.15/gallon.

“For the first time in weeks, the national average price of gasoline has fallen over the last week as the wholesale price of gasoline had been under seasonal pressure as we near the end of the summer driving season. However, the drop may be short-lived, as one of the nation’s largest refineries partially shut last week after a fire at a storage tank, and as we see more tropical activity that could lead to further disruption,” said Patrick De Haan, head of petroleum analysis at GasBuddy.

Historical gasoline prices in Modesto and the national average going back 10 years show the highest Modesto price at $5.05 per gallon on Aug. 28, 2022 and the lowest of $2.46 per gallon, recorded on Aug. 28, 2016.

The highest U.S. average was $3.81 on Aug. 28, 2022 and the lowest of $2.21 per gallon recorded on Aug. 28, 2016.

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.