Gasoline prices fall to average of $3.50 per gallon

Vermont Business Magazine Average gasoline prices in Vermont fell 3 cents in the last week to $3.50 per gallon, as prices here peaked on January 25 and are now edging closer to the national average. Vermont prices are up 15 cents/g in the last month and are 6 cents higher than a year ago. According to GasBuddy, the cheapest station in Vermont is in Brattleboro ($3.27/g) and the most expensive was in Killington ($3.749).

Average gasoline prices in Burlington are unchanged in the last week, averaging $3.57/g today, according to GasBuddy's survey of 100 stations in Burlington. Prices in Burlington are 19.4 cents per gallon higher than a month ago and stand 12.9 cents per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in Burlington was priced at $3.34/g yesterday while the most expensive was $3.69/g, a difference of 35.0 cents per gallon. The lowest price in the state yesterday was $3.19/g while the highest was $3.69/g, a difference of 50.0 cents per gallon.

The national average price of gasoline was unchanged in the last week, averaging $3.48/g today. The national average is up 30 cents per gallon from a month ago and stands 6 cents per gallon higher 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.

The national average price of diesel has risen 5.4 cents in the last week and stands at $4.65 per gallon.

Statistics

Vermont USA Trend
Today 3.508 3.483 Prices Falling
Yesterday 3.522 3.490
One Week Ago 3.534 3.482
One Month Ago 3.358 3.189
One Year Ago 3.447 3.422
* Average Regular Gas Prices - Updated: 2.2.2023. 11:55 AM

Historical gasoline prices in Burlington and the national average going back ten years:
January 30, 2022: $3.44/g (U.S. Average: $3.34/g)
January 30, 2021: $2.41/g (U.S. Average: $2.43/g)
January 30, 2020: $2.69/g (U.S. Average: $2.49/g)
January 30, 2019: $2.47/g (U.S. Average: $2.27/g)
January 30, 2018: $2.67/g (U.S. Average: $2.59/g)
January 30, 2017: $2.34/g (U.S. Average: $2.27/g)
January 30, 2016: $2.03/g (U.S. Average: $1.80/g)
January 30, 2015: $2.39/g (U.S. Average: $2.04/g)
January 30, 2014: $3.41/g (U.S. Average: $3.27/g)
January 30, 2013: $3.62/g (U.S. Average: $3.40/g)

Neighboring areas and their current gas prices:
Albany- $3.60/g, up 8.5 cents per gallon from last week's $3.51/g.
Vermont- $3.53/g, up 3.6 cents per gallon from last week's $3.49/g.
New Hampshire- $3.35/g, up 7.0 cents per gallon from last week's $3.28/g.

"The national average price of gasoline has risen for the fifth straight week as retailers pass along the rise in wholesale gasoline prices due to continued challenges: refinery utilization that still hasn't fully recovered from December's cold weather, and refinery maintenance season that's just around the corner," said Patrick De Haan, head of petroleum analysis at GasBuddy. "There appears to be little good news on the gas price front, with prices unlikely to turn around any time soon. Because of the surge in prices last spring, many refineries that had planned maintenance deferred maintenance until 2023. With the can kicked to this year, we may have similar challenges producing enough refined products to meet demand, especially with the European Union cutting off refined products from Russia starting February 5."

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. GasBuddy data is accessible at http://prices.GasBuddy.com.

SOURCE GasBuddy 1.30.2023. http://www.vermontgasprices.com/