Gasoline prices high, but stabilize

Vermont Business Magazine Vermont gasoline prices today were largely unchanged from last week, with the average price being $4.71. This is 58 cents higher than a month ago and $1.79 higher than last year. The highest price was $4.99 per gallon in Burlington and the lowest was $4.29 in West Bridgewater.

Average gasoline prices in Burlington as of Monday have risen 13.9 cents per gallon in the last week, averaging $4.77/g, according to GasBuddy's survey of 100 stations in Burlington. Prices in Burlington are 60.6 cents per gallon higher than a month ago and stand $1.82/g higher than a year ago. The price of diesel has risen 22.6 cents nationally in the past week and stands at $5.518 per gallon.

Statistics

Vermont USA Trend
Today 4.717 4.594 Prices Stable
Yesterday 4.715 4.599
One Week Ago 4.713 4.603
One Month Ago 4.137 4.137
One Year Ago 2.923 3.042
* Average Regular Gas Prices - Updated: 5.27.2022. 12:35 PM

According to GasBuddy price reports, the cheapest station in Burlington as of Monday was priced at $4.49/g yesterday while the most expensive was $4.89/g, a difference of 40.0 cents per gallon. The lowest price in the state yesterday was $4.39/g while the highest was $4.99/g, a difference of 60.0 cents per gallon.

The national average price of gasoline has risen 11.0 cents per gallon in the last week, averaging $4.57/g today. The national average is up 45.4 cents per gallon from a month ago and stands $1.55/g higher than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gasstations across the country.

Historical gasoline prices in Burlington and the national average going back ten years:
May 23, 2021: $2.95/g (U.S. Average: $3.02/g)
May 23, 2020: $1.96/g (U.S. Average: $1.96/g)
May 23, 2019: $2.85/g (U.S. Average: $2.85/g)
May 23, 2018: $2.98/g (U.S. Average: $2.97/g)
May 23, 2017: $2.46/g (U.S. Average: $2.36/g)
May 23, 2016: $2.35/g (U.S. Average: $2.28/g)
May 23, 2015: $2.68/g (U.S. Average: $2.74/g)
May 23, 2014: $3.74/g (U.S. Average: $3.66/g)
May 23, 2013: $3.60/g (U.S. Average: $3.66/g)
May 23, 2012: $3.85/g (U.S. Average: $3.68/g)

Neighboring areas and their current gas prices:
Albany- $4.87/g, up 15.0 cents per gallon from last week's $4.72/g.
New Hampshire- $4.67/g, up 15.2 cents per gallon from last week's $4.52/g.

“Gasoline prices surged over the last week to new record highs, but have finally started to slow their rise with diesel also finally cooling off," said Patrick De Haan, head of petroleum analysis at GasBuddy. "With more Americans planning to hit the road for Memorial Day this year compared to last, prices will be over $1.50 per gallon higher than last year. Though, prices are appearing to slow down, for now. While the coast isn't clear yet, and prices will be at their highest Memorial Day level ever, I'm hopeful that we could avoid a dreaded national average of $5 per gallon this year. Whether or not we're able to depends on Americans cutting demand in the face of sky high prices."

GasBuddy is the authoritative voice for gas prices and the only source for station-level data spanning nearly two decades. Unlike AAA's once daily survey and the Lundberg Survey, updated once every two weeks based on a small fraction of U.S. gasoline stations, 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.

SOURCE GasBuddy 5.26.2022