Gasoline prices continue long decline in November

Average gasoline prices in Vermont are $3.43 per gallon, down 5 cents per gallon from last week.

Vermont Business Magazine Average gasoline prices in Vermont are $3.43 per gallon, down 5 cents per gallon from last week, down 18 cents from last month and down 37 cents from the same time last year, according to GasBuddy. The lowest price in the state is $2.99/g in Brattleboro while the highest is $3.69/g in Hancock and Rochester.

Meanwhile, average gasoline prices in Burlington have fallen 4.4 cents per gallon in the last week, averaging $3.45/g today, according to GasBuddy's survey of 100 stations in Burlington. Prices in Burlington are 22.0 cents per gallon lower than a month ago and stand 42.3 cents per gallon lower than a year ago. 

According to GasBuddy price reports, the cheapest station in Burlington was priced at $3.29/g yesterday while the most expensive was $3.59/g, a difference of 30.0 cents per gallon. 

The national average price of gasoline has fallen 1 cent per gallon in the last week, averaging $3.21/g today. The national average is down 25 cents per gallon from a month ago and stands 23 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 5.2 cents in the last week and stands at $4.23 per gallon.

Vermont USA Trend
Today 3.437 3.215 Prices Rising
Yesterday 3.431 3.225
One Week Ago 3.481 3.222
One Month Ago 3.613 3.465
One Year Ago 3.804 3.449
* Average Regular Gas Prices - Updated: 11.30.2023. 2:35 PM

Historical gasoline prices in Burlington and the national average going back ten years:
November 27, 2022: $3.87/g (U.S. Average: $3.52/g)
November 27, 2021: $3.48/g (U.S. Average: $3.39/g)
November 27, 2020: $2.15/g (U.S. Average: $2.12/g)
November 27, 2019: $2.69/g (U.S. Average: $2.60/g)
November 27, 2018: $2.79/g (U.S. Average: $2.52/g)
November 27, 2017: $2.58/g (U.S. Average: $2.50/g)
November 27, 2016: $2.25/g (U.S. Average: $2.12/g)
November 27, 2015: $2.20/g (U.S. Average: $2.04/g)
November 27, 2014: $3.13/g (U.S. Average: $2.79/g)
November 27, 2013: $3.51/g (U.S. Average: $3.28/g)

Neighboring areas and their current gas prices:
Albany- $3.50/g, down 4.8 cents per gallon from last week's $3.55/g.
New Hampshire- $3.24/g, down 1.7 cents per gallon from last week's $3.26/g.

"With the national average price of gasoline declining for the 10th straight week, motorists are enjoying the longest downward trend at the pump since the summer of 2022. The timing couldn't be better as Americans head into the holidays, leaving them with more in their wallets at a time of year many start to spend on gifts for loved ones," said Patrick De Haan, head of petroleum analysis at GasBuddy. "In addition, gasoline demand continues to be dragged lower as Americans stay inside more often, helping to put continued downward pressure on gasoline prices. However, we're carefully monitoring OPEC's delayed meeting, set to occur this week, for potential surprises that could eventually mean an end to lower gas prices should they make any surprise oil production cuts."

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 11.30.2023. https://www.vermontgasprices.com/

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