Gas price drop flattens in Vermont, down in US

Vermont Business Magazine Average gasoline prices in Vermont are $3.64, up 1 cent per gallon from last week, down 14 cents/g from a month ago and down 17 cents/g from the same time last year, according to GasBuddy's survey.

According to GasBuddy price reports, the cheapest gas in the state is $3.19/g in Brattleboro, while the most expensive is $3.89, in Williston and also in Brattleboro.

The national average price of gasoline is $3.49, down 5 cents/g from last week, down 32 cents/g from last month and down 27 cents/g from last year, 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 3.8 cents in the last week and stands at $4.48 per gallon.

Vermont USA Trend
Today 3.642 3.490 Prices Stable
Yesterday 3.645 3.511
One Week Ago 3.637 3.542
One Month Ago 3.785 3.810
One Year Ago 3.816 3.760
* Average Regular Gas Prices - Updated: 10.26.2023. 12:55 PM

"As air temperatures trend downward as we progress into fall, gasoline prices have seen another week of their own seasonal fall. The national average is on the cusp of falling to the lowest level since March, something that could happen this week," said Patrick De Haan, head of petroleum analysis at GasBuddy. "Demand for gasoline continues to weaken as we get closer to seeing the first snow flurries fly across some areas of the country, and against the backdrop of winter, there isn't as much desire to get out. Coupled with cheaper winter gasoline and refinery issues that have faded to the rearview thanks to the drop in demand, gasoline prices have been weakening even as oil prices have climbed, putting pressure on refineries as margins flatten and gasoline becomes the unwanted byproduct of producing other products like diesel and jet fuel, which command a higher price than gasoline. However, there's only so much refineries can do, because they must produce gasoline at high quantity to get those premium barrels. For now, that trend will likely mean further declines in the weeks ahead, before prices bottom out between Thanksgiving and Christmas."

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 10.26.2023. GasBuddy