Vermont, US gasoline prices edge down

Vermont Business Magazine Average gasoline prices in Vermont are $3.40 per gallon, down 4 cents per gallon from last week, down 6 cents/g from last month and down 79 cents/g from the same period last year, according to GasBuddy. The lowest price in Vermont today is $2.99/g in Middlebury and the highest price is $3.69 in Killington.

Average gasoline prices in Burlington have risen 0.7 cents per gallon in the last week, averaging $3.42/g today, according to GasBuddy's survey of 100 stations in Burlington. Prices in Burlington are 5.9 cents per gallon lower than a month ago and stand 75.5 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Burlington was priced at $3.19/g yesterday while the most expensive was $3.49/g, a difference of 30.0 cents per gallon.

The national average price of gasoline has fallen 5 cents per gallon in the last week, averaging $3.40/g today. The national average is up 4 cents per gallon from a month ago and stands 83 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 5.6 cents in the last week and stands at $4.25 per gallon.

Statistics

Vermont USA Trend
Today 3.408 3.403 Prices Falling
Yesterday 3.417 3.406
One Week Ago 3.449 3.455
One Month Ago 3.461 3.363
One Year Ago 4.197 4.235
* Average Regular Gas Prices - Updated: 3.20.2023. 12:15 PM

Historical gasoline prices in Burlington and the national average going back ten years:
March 20, 2022: $4.17/g (U.S. Average: $4.23/g)
March 20, 2021: $2.82/g (U.S. Average: $2.88/g)
March 20, 2020: $2.35/g (U.S. Average: $2.11/g)
March 20, 2019: $2.57/g (U.S. Average: $2.60/g)
March 20, 2018: $2.61/g (U.S. Average: $2.56/g)
March 20, 2017: $2.29/g (U.S. Average: $2.29/g)
March 20, 2016: $1.97/g (U.S. Average: $1.98/g)
March 20, 2015: $2.56/g (U.S. Average: $2.43/g)
March 20, 2014: $3.62/g (U.S. Average: $3.53/g)
March 20, 2013: $3.76/g (U.S. Average: $3.70/g)

Neighboring areas and their current gas prices:
Albany- $3.46/g, down 3.0 cents per gallon from last week's $3.49/g.
New Hampshire- $3.23/g, down 0.8 cents per gallon from last week's $3.24/g.

"The broad concern over recent failures of the US and global banking system has put enough downward pressure on oil prices that we saw a reprieve in rising gasoline prices in the national average last week. But, it may be temporary in nature, and is unlikely to be a long lasting trend," said Patrick De Haan, head of petroleum analysis at GasBuddy. "While California and areas of the West Coast saw some moderation in price, supply challenges amidst the transition to summer gasoline have led to sharp price increases in Arizona, and other markets saw varying impacts at the gas pump over the last week. Should the outlook for the banking sector improve, we could again see gasoline prices race higher, while continued or additional distress could raise the possibility of a broader economic slowdown, keeping gasoline prices in check. Overall, there are a lot of possibilities."

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. 3.20.2023.