Gasoline prices level off

Vermont Business Magazine Average gasoline prices in Vermont have risen 2 cents per gallon in the last week, averaging $3.40/g today, according to GasBuddy price reports. Prices are down 15 cents from a month ago and are up 5 cents from one year ago. The lowest price in the state is $2.99 in Brattleboro and the highest is $3.99 in Island Pond.

Average gasoline prices in Burlington have risen 9.3 cents per gallon in the last week, averaging $3.45/g today, according to GasBuddy's survey of 100 stations in Burlington as of Monday. Prices in Burlington are 23.3 cents per gallon lower than a month ago and stand 11.1 cents per gallon higher than a year ago.

The cheapest station in Burlington was priced at $3.34/g yesterday while the most expensive was $3.49/g, a difference of 15.0 cents per gallon. The lowest price in the state yesterday was $2.99/g while the highest was $3.67/g, a difference of 68.0 cents per gallon.

The national average price of gasoline has risen 1 cent per gallon in the last week, averaging $3.27/g today. The national average is 7 cents higher than a month ago and stands 4 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.

The national average price of diesel has fallen 2.1 cents in the last week and stands at $4.64 per gallon.

Statistics

Vermont USA Trend
Today 3.402 3.273 Prices Falling
Yesterday 3.413 3.276
One Week Ago 3.387 3.264
One Month Ago 3.553 3.209
One Year Ago 3.356 3.311
* Average Regular Gas Prices - Updated: 1.12.2023. 11:55 AM

Historical gasoline prices in Burlington and the national average going back ten years:
January 9, 2022: $3.34/g (U.S. Average: $3.29/g)
January 9, 2021: $2.34/g (U.S. Average: $2.32/g)
January 9, 2020: $2.71/g (U.S. Average: $2.60/g)
January 9, 2019: $2.55/g (U.S. Average: $2.24/g)
January 9, 2018: $2.58/g (U.S. Average: $2.49/g)
January 9, 2017: $2.41/g (U.S. Average: $2.36/g)
January 9, 2016: $2.13/g (U.S. Average: $1.97/g)
January 9, 2015: $2.68/g (U.S. Average: $2.16/g)
January 9, 2014: $3.56/g (U.S. Average: $3.30/g)
January 9, 2013: $3.62/g (U.S. Average: $3.30/g)

Neighboring areas and their current gas prices:
Albany- $3.41/g, up 3.3 cents per gallon from last week's $3.37/g.
New Hampshire- $3.18/g, down 2.6 cents per gallon from last week's $3.21/g.

VERMONT
12/05/22 12/12/22 12/19/22 12/26/22 01/02/23 01/09/23 View
History
Residential Heating Oil
4.834 4.604 4.629 4.536 4.598 4.416 1990-2023
Wholesale Heating Oil
3.922 3.533 3.612 3.769 3.862 3.519 2013-2023
Residential Propane
3.481 3.435 3.423 3.419 3.476 3.428 1990-2023
- = No Data Reported; -- = Not Applicable; NA = Not Available; W = Withheld to avoid disclosure of individual company data.
Notes: Weekly heating oil and propane prices are only collected during the heating season which extends from October through March. Due to updated weighting methodology, national and regional residential heating oil and propane prices from October 2009 to March 2013 have been revised since they were first published. See Excel spreadsheet for changes to published data. Values shown for the previous week may be revised to account for late submissions and corrections. See Definitions, Sources, and Notes link above for more information on this table.
Release Date: 1/11/2023
Next Release Date: 1/19/2023

"Last week, the rise in gasoline prices continued, still due to previous refinery outages caused by the cold weather the week of Christmas. However, I'm optimistic that as refiners get back online, we could see the increases slow down as we head into the time of year when gasoline demand is at its weakest," said Patrick De Haan, head of petroleum analysis at GasBuddy. "While gasoline prices have rallied, average diesel prices continue to drift lower, which certainly bodes well for the overall economy. As long as refiners are able to get back online soon from previous cold-weather outages, we could see supply start to recover at the same time demand is weak, which could bring gas prices down again. The window of opportunity, however, is shrinking, and by late February or early March, we'll likely kick off the seasonal rise in gasoline prices."

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. Boston. 1.9.2023